- Studio Rooms
- 2072 m² sq ft
Description
Location: the center of one of the most popular tourist areas of the Bodrum Peninsula, about 600 meters from the sea, the promenade and sandy beaches, the distance to the historical center of Bodrum is 15 km, the distance to the international airport is 45 km.
The total area of the land: 2 072 m2.
Building permit: 10/20%.
All communications are conducted.
The cost of the plot is 800 000 euros.
Calculations for the project:
It is possible to build 4 villas with 100 m2 of living space and about 150 m2 of total area, the area of each villa will be about 500 m2.
Construction costs – 75 000 euros (at the rate of 500 euros / m2).
Expenses for upgrading the territory of the complex: fencing of the territory, gardening and landscaping – 25 000 euros.
The cost of retailing villas – from 550 000 euros (is the actual market value of villas of similar size in this area of the Bodrum Peninsula).
Total costs of the project – 900 000 euros (cost of construction and land).
The income from the project is € 2,200,000.
The profit from the project is about 150%.
Terms of implementation:
– Obtaining permission for construction and approval of the project – from 2 weeks to 3 months.
– Construction of residential facilities – from 3 to 8 months (construction season in Bodrum lasts from September to May (this includes only the erection of load-bearing structures, the work on interior decoration of the premises is allowed year-round)).
– Realization of residential objects (sale in retail in full) – can begin to be carried out from the moment of approval of the building plan. On average, the full implementation of objects is achieved in a period of 6 months to 1.5 years.
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