Land plot in Bodrum, Mugla, Turkey

Location: The popular tourist area of ​​Bodrum Peninsula, 100 meters from the sea (equipped municipal beaches), the distance from the city center 50 meters away from the international airport – 45 km. Total area: 15 000 m2 (10 of 500 m2 accounted for granted) Permission to build: 10/20% (2100 m2) residential Cost – 2,875,000 Turkish liras (about 1.256 million euros). The calculations for the project: 25 apartments of 84m2 and 110m2 of living space total Construction costs – 550 000 euros (rate of 200 euro m2) The cost of upgrading of the complex: swimming pool, driveway, walkways, landscaping and landscaping work on rough estimates of around EUR 100 000. The cost of retail sale of apartments – 120 000 euros (a real market value of the apartments similar area at a given distance from the beach on the Bodrum Peninsula). The total cost of the project – 1.726 million euros (construction costs and land). Revenue from the project – 3 000 000 euros. Profit from the project – 1.274 million euros (73.