Property Details

Negotiable price * Land 490 m2 with shops and 2 floors apartments.

Sale of 1200 shares including:

First floor : 265 m2 apartment with: 4 bedrooms, 2 saloons, 1 living, dining, 3 baths, ceiling height 3.5 m, central radiators heating, A/C, 65 m2 terrace and garden, 3x25 amp. Electricity, water over demand, unobstructed sea view.

Ground floor: 90 m2 shops on road with bath and parking.

Future construction on upper floor of 450 m2.

Value:

420 m2 + (450 m2/3) = 570 m2

570 m2 x 1,100 $/m2 = 627,000 $

Possibility to buy the next 1200 shares and build new construction with 3112 m2 area to sell.

Value:

Land: 1,200,000 $ + Construction: 1,500,000 $ = 2,700,000 $

Sales value: 3,112 m2 x 1,700 $/m2 = 5,290,400 $.

Construction could be demolished and replaced with a new development (Feasibility study included)