Land for Sale in Vama Veche Constanta Romania (Germany)
Land for sale in Vama Veche, county Constanta, Romania, area 17,950 sqm with frontage 350 ml, the surface can be sell by plots, each having an area of 1000 square meters with a frontage 19 ml. All have opening to the sea . It has geo-tehnical document finished, with the utilities on land, water and canalisation.General Urban Plan was in a final phase of approval, the area have a destination for tourism.Urban indications on which we have for this area are: the height of G+1, because this land is first land at the sea, P.O.T 30% , CUT 0.6. Near our land have already started construction works for a hotel. The sea wall has finished construction of a pedestrian alleys and a track cyclists who are in front of the land. Because is last resort on the Romanian seaside, Vama Veche is very searched by young for relaxed and unconformably atmosphere.
Old price: 250 euros/sqm
New price: 195 euros/sqm
According the urbanism certificate for information quit by Limanu town hall, we have following urban indicators:
-POT -maximum = 30%
-CUT-maximum = 0.60
-height of the G+1
-the area of 17,950 square meters are the property so as we can to build according to the CUT 10,700 sqm
-10,700 sqm X 600 euro / sqm building at current prices = 6 462 000
-6 462 000 euros representing investment all over the surface possible built
-3 500 000 euros is the minimum price at which will sell the property.
-from the amount 6 462 000 , 70% can be obtained from the European tourism development = 4 523 400 euro irredeemable money, the difference 1 938 600 Euro = 30% of the final investment should an investor pay
- 10,700 square meters (representing the maximum built area) X 1200 Euro / sqm price at which sold currently building in Vama Veche front but not whith frontage at sea = 12 840 000
- 12 840 000 - 3 500 000 - 1 938 600 Euro = 7 401 400 euros
- 7 401 400 euros representing profit after sales.
Mention that if the investment will be using European funds there is a clause that can not divide over a period of 5 years that good, but there is the possibility of a legal point of view to make promises of sale. In all this time the property can be exploited in tourism.
Won: 7 401 400 + Euro gains achieved in 5 years.
The prices mentioned above are now applied which can have future changes .