Commercial property in Didim, Aydin, Turkey No. 182463

Property description

Distance from the sea - 0. Distance from the city center - 1 km. Land area of ​​66 000m2 with a building permit. In accordance with a building permit at the site it is possible the construction of residential premises in the amount of 844 units with a total area of ​​80m2 (Apartment 2 + 1) and commercial areas, the construction of which has already begun, and in accordance with the plan of construction is planned to build the following buildings: a sports complex , restaurant, swimming pool and so on. Commercial areas are built up to 70%. At this stage, it sold 62 units of residential space totaling approximately EUR 2 000 000. Profits from the sale was credited to the account of the owner of the land and accordingly will be transmitted together with the company to a new owner. Calculations: The cost of land - 8.5 million euros. The total cost of construction, taking into account the share of land per unit residential facility - 35 000 euros. Profit from the project: According to the market value of residential areas for the region, the average price of similar apartments (2 + 1 80m2) is estimated at 85 thousand euros and above.