The designated purpose for the land parcel is for individual and residential real estate development.
Acreage: 1.3ha
The price of the land parcel: USD 5 000 000
Geographical location: Ukraine, Odessa city, Kurortnyi line, (Gagarin plateau / Arcadia)
The land plot amounts to 1.3ha under state act of ownership rights for construction of property and additional 0.2 ha is taken under lease agreement.
The calculated construction cost for a price of the square meter to be put up for sale amounts to USD 500, even if developer makes sound workmanship of front of a building.
Flat complex is to consist of studio apartments - 60%, one bedroom - 30%, two bedroom apartments - 10% of the 31 000 sq. m area.
The expected selling price is USD 1 200 per sq. m for apartments with no view, USD 1 500 per sq. m for a side sea view apartments, and USD 1 800 per sq. m for a full sea view.
The projected revenues amount to USD 46 500 000 for 31 000 sq. m at average USD 1 500 markup.
The construction cost of 31 000 sq/m at USD 500 per sq. m amounts to USD 15 500 000.
The net profit including the price of the land parcel amounts to USD 26 000 000 = (USD 31 000 000 - USD 5 000 000)
