For sale: exclusive residential project

BUILDING UNDER CONSTRUCTION – UNIQUE INVESTMENT OPPORTUNITY

For sale: exclusive residential project consisting of 38 apartments on a 2,500 m² plot, located in one of the most sought-after areas of the city.

Key Project Features:

• 19-story building with 2 apartments per floor, modern and functional design.

• Communal swimming pool, landscaped green areas, and private parking.

• Reinforced concrete structure is almost completed, only two slabs remain.

• Building license already granted, construction can resume immediately after purchase.

• Sale is arranged free of encumbrances, with agreements secured between creditor and owner.

Financial Terms:

• Sale price: €2,500,000 (includes building license – requires update and OCT).

• Notarial and registration taxes (AJD): approx. 2% (€50,000).

• Total initial investment: €2,550,000 (purchase + taxes).

Investment Potential:

• Estimated cost to complete construction: €4.45M

• Total project cost (purchase + completion): €8.10M

• Expected sales revenue: €325,000 x 38 units = €12,350,000

• Significant profit margin in a highly desirable location.

Key Advantage:
Over €1.5M has already been invested in structure and excavation works, dramatically reducing project risk and timeline. This is a ready-to-continue development – an excellent opportunity for developers and investment funds looking for high-yield, fast-turnaround projects.