Big Prime Corner Land in a promitment location with High Visibility and Accessibility.
Land is available for sale including Ready Plans & Permits for a Luxury Modern Project, consists of:
Stunning oval-shaped office building of 5 floors
Annex small commercial building
3 residential blocks of total: 38 modern apartments with sea & mountain views (10x 2 bedroom and 28x 1 bedroom apartments)
Analysis
Land size: 9,350 sq.m.
Total buildable area (without verandas) 7,767 sq.m.
Big commercial building has a total salable area: 4,892 sq.m. + 619 sq.m. roof garden
Annex small commercial building has a total salable area: 398 sq.m. + 135 sq.m. roof garden
3 Residential blocks has total saleable area: 2,865 sq.m. + spacious roof gardens
Grand total salable area
Commercial: 5,290 sq.m. + 754 sq.m. roof gardens
Residential: 2,865 sq.m. + spacious roof gardens
Estimated sales ROI: 45-55%