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ID: 12.5084

Investment plot for the construction of an apartment building in Bar.

Location
Bar
Area
3151m2
meters to the sea
700
Updated on
25.10.2023
City water
Yes
City sewerage
Yes
Price
200 000 €
Price per sq.m.
63 €

Investment plot for the construction of an apartment building in Bar.

Location: Bar, Shushan district.
Great location.
The site is located in the flat part of the city within walking distance to all infrastructure.
According to the urban plan, it is possible to build an object with a total area of 13,000 sq.m. on the site.
  • Minimum construction area of the facility at its base: 1,260 sq.m.
  • The maximum construction area of the facility at the base is 2,363 sq.m.
  • Minimum permissible area of the finished facility: 4,725 sq.m. (gross)
  • Maximum permissible area of the finished object: 13,234 sq.m. (gross)
  • Allowable number of floors: 11 floors
Area of the urban parcel: 3151 sq.m.
Distance to the sea: 700 m.
Received technical specifications.

Terms of sale: 22% compensation + 200,000 euros

Copying and reprinting of materials is possible if there is a link to the original source, namely our website tradegoria.me

Let's calculate the main indicators of the business plan based on the data provided.

1. Total construction area: Assume that construction will be carried out on the maximum allowable area: 13,234 sq.m.

2. Number of apartments: Let's assume that the average area of one apartment will be 75 sq.m. (this is an approximate value; in reality it may differ depending on the layout and marketing strategy). Then the total number of apartments: 13,234/75 = 176.45. To simplify, we will assume that these are 176 apartments.

3. Construction cost: 13,234 sq.m.*1,000 euros/sq.m. = 13,234,000 euros.

4. Profit from the sale of apartments: 13,234 sq.m. * 2,000 euros/sq.m. = 26,468,000 euros.

5. Cost of the plot: 200,000 euros.

6. Part of the apartments that the seller will take: 176 apartments * 22% = 38.72. Let it be 39 apartments. Area of apartments that the seller will take: 39 apartments* 75 sq.m. = 2.925 sq.m. These apartments will have to be deducted from the total income: 2,925 sq.m.* 2,000 euros/sq.m. = 5,850,000 euros.

7. Net profit: Profit from the sale of apartments minus the cost of construction minus the cost of the plot minus the cost of the apartments for the seller:
26,468,000 euros - 13,234,000 euros - 200,000 euros - 5,850,000 euros = 7,184,000 euros.

Thus, based on the data provided, investing in this project can bring a profit of 7,184,000 euros. However, it should be remembered that this is a rough business plan and in reality there may be additional costs and risks that should be taken into account when drawing up a more detailed business plan.

Copying and reprinting of materials is possible if there is a link to the original source, namely our website tradegoria.me
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