Property experts project an Annual rate of return of :
12.00%
the return on your investment in one year:
€6,480
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This development is the same as a project next door that's retailing now.
There are 3 plots of land available for sale with full planning etc. Each plot has planning for one block containing 8 units. And the sizes are:
2 x Studio – 26,2 m2
4 x 1 bedroom – 51,2 m2
2 x 2 bedroom – 60,8 m2
Right now they have just sold out the identical apartment buildings next door for:
€ 54 000 Studio – 26,2 m2
€ 103,500 1 bedroom – 51,2 m2
€ 121,500 2 bedroom – 60,8 m2
Which makes total price for selling all the 8 apartments from this block : € 765,000 x 3 = €2,295,000. You can easily increase this by 10% if you wait to market for 6 months as the area is near completion and starting to become less of a building site.
The price for the project for all three plots (with building permission, detailed planning and house project/architects drawings and fees) is €330,000.
The location is fantastic and there is a really nice residential community and supermarket right next door almost finished.
