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Development opportunity Bucharest

Ref: 70003

70003 - Development opportunity Bucharest

Location: Bucharest
Condition: Excellent
Property Type: Development
Square metres (Internal): 15000
Sale status: New
Price: 1800000 EURO

Location
Close to Bucharest International Airport (Henri Coanda) and Baneasa Airport whils tbeing just 30 minutes from the centre of the City of Bucharest.

Description
This 15,000 sqm of land (around 3.75 acres) can be divided but there is greater potential for profit if developed as a whole. We act directly for the owner and there is outline permission to build up to four storeys, with project plans for both residential and commercial development. All services are already in place. There is also a project plan with construction and yield budgets available on request. Evidence of funds in excess of €3m (minimum anticipated equity to progress development) will be required before issue of development documentation including architect's plans and permissions although the land can be purchased for €1.8m outright.

 

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Outline plan 9 apartment buildings
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