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Startpage»  Property in Bulgaria - INFO FOR INVESTORS - INVESTMENT PROJECT |
NEW INVESTMENT PROJECT - PROFITABILITY AROUND 52% |
At this moment we would like to draw your attention to a new interesting project.
The land plot (area 13,3 ha) is situated in Riga district, next to a settlement Jaunolaine. (See map on the left). The land distance from Riga (capital) is 9 km. This land plot joins another land (area 40 ha), which is already prepared for housing construction.
Suggested land is a part of Olaine parish development plan. The Olaine local government is issued permission for the land parceling by 2000 m2 for housing development. It allows to raise about 55 cottages.
Additional investment into the housing construction will make 570 EUR/m2. In view that the most liquid cottage area is about 200 m2 the expenses for one house erecting would be 114 000 EUR. The total cost price for house and backyard is 132 526 EUR.
One square meter of such type housing at the present costs 1000 EUR/m2. It means that total selling price for one house with small land plot would be 200 000 EUR. It would bring profitability – 52 %.
Underneath you can see the estimate of the project.
ESTIMATE
The land plot in Riga district, Jaunolaine parish 13, 3 ha.
Possible parceling – about 2000 m2
|
Nr |
Heads of expenditure |
Per meter |
Total |
|
1 |
Cost |
5 EUR/m2 |
665 000 EUR |
|
2 |
Detailed planning expenses |
1800 EUR/ha |
23 940 EUR |
|
3 |
Transformation expenses |
1000 EUR/m2 |
13 300 EUR |
|
4 |
Roads expenses |
1,43 EUR/m2 |
190 190 EUR |
|
5 |
Electrification expenses (about 55 single plots after parceling) |
730 EUR/plot |
40 000 EUR |
|
6 |
Authorities |
|
20 000 EUR |
|
7 |
Commission |
10% |
66 500 EUR |
|
8 |
Total (prime cost) |
7,66 EUR/m2 |
1 018 930 EUR |
|
|
|
|
|
Total area of divided plots – 96 000 m2
Total are of public access zone – 37 000 m2
|
|
Heads of expenditure |
Per meter |
Total |
|
1 |
Market price of the divided plots at the present moment |
13 EUR/m2 |
1 248 000 EUR |
|
2 |
Market price of the public access zone |
10 EUR/m2 |
370 000 EUR |
|
3 |
Total |
|
1 618 000 EUR |
|
4 |
Profitability about 52 % |
|
599 070 EUR |
|
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