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Other Considerations
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| Features: Garden, Pool, Parking, Terrace / Deck | ||||||||||||||||
| Amenities: Shops, Bars & Restaurants, In beach resort, Gymnasium, Childrens Swimming Pool, Sea View, By the Sea, Garage | ||||||||||||||||
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Description: Key selling points: 170% Return on Investment Fully managed project Building Licence approved Voted 3rd best beach destination on the Black Sea Units already sold Fully Secured Investment Description Investment Project , Romania Land details 2400 m2 near to the beach in a newly developing tourist area, with permission to build 4200 m2, plus basement 1700sqm). Project approved to build 60 apartments, with underground parking, swimming pools and Gymnasium. Fully Qualified Western management team in place to construct Project. Location Black Sea coast, 200 m for the beach with Sea views Description of area Newly developing tourist area. Purchase Price 80.000€ per share for a 10% Share in the Project ONLY 5 SHARES AVAILABLE ............................................................................................................... Project Build Out This gives an idea of what the buyer would make when they purchased the project, but at the same time shows what can be made if the project is taken all the way to build out. Land Purchase Cost € 800.000 ............................................................................................................... Build Costs € 2.500.000 + VAT Contingency Fund (10%) €250,000 Total Build Costs € 2.750.000 + VAT Administration and operating costs €150,000 Total Project Costs €2,900,000 ................................................................................................................ Sales values in this area are between €1,000 to €1300 per meter (including terraces and Balconies) Sales Income €4.500.000 + VAT Commissions 5% €225.000 + VAT Net Sales Income €4,275,000 + VAT VAT Gross Profit (before tax) € 1.375.000 (Net sales Income - Total Inv. - Build costs) R.O.I. (+/- in two years) 171% ROI per 10% share (€80,000 invested): €137,000 ROI per year 85.5% |
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