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Sale Starts from €270,000.00

Commercial property in Bodrum, Mugla, Turkey

Bodrum
Object ID: 7349782
  • Studio
    Rooms
  • 2400 m² sq ft

Description

Location – one of the most popular areas of the Bodrum peninsula, only 500m from the sandy beaches. The plot has an open view of the green valley and the urban landscape. Some of the residential units will be constructed to have a partial sea view. Total land area – 2 400m2 The total built-up area – 10 20 = 480m2. The cost of construction will be about 500 euros per m2. In this area there is a possibility to build 10 apartments 2 + 1 living space of about 50m2 and the total area – 75m2, or 4 villas of about 120m2 living space and a total area – 170m2 with balconies and terraces. The selling price of similar apartments in the area – from 120 000 euros. The selling price of similar houses in the area – from 300 000 euros. Offered to the investor to finance the construction of residential facilities in the area, and to own half finished residential units, according to the contract equity participation in the construction, which will be pre-compiled and approved by the parties in the state agencies.

The amount of investment will be around 270 000 – 290 000 euros, considering landscaping, construction of swimming pools in the complex, etc. The total profit of the project will range from 1 200 000 euros. Investor’s profit of 600 000 euros, ie more than 50% of total investments. The area where the land is considered to be one of the most popular and promising areas of the Bodrum peninsula. The site is surrounded by an elite construction of several luxury residential complexes of villas and apartments. In the immediate vicinity are a number of large super-markets. Distance to the exclusive international marina and “Billionaires Club” is only 2 km., A little further is the elite line of fish restaurants. Real Estate annually gives an increase of the price in the region of 20-25%. Timing of the project: Project approval in the bodies of the municipal administration – 1 – 1.5 months The construction period of 4 to 8 months Object implementation can start immediately after the approval of the project construction. Full implementation of real estate can be expected from 1.5 months to 1 year.
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