Project possibilities when buying a land plot :Option №1 – Resell the land at market value

Option №2 – Build and sell ready-made villa turnkey

Option №3 – built a villa for himself

PROPERTY DESCRIPTION

Special offer! Price lowered! On a magnificent plot of land in Roque del Conde with wonderful views. Location: Torviscas, Municipality, province: Adeje (SANTA CRUZ DE TENERIFE).This proposal – a very profitable investment project! Plot sold area – 505 m2. The territory is suitable for construction. You can build here villas or townhouses. Maximum height – 2 storeys.

Region Roque del Conde is a 5-minute drive from the Las Americas and beaches. Nearby is the shopping center Gran Sur (Mercadona supermarket, a cinema, cafes, shops, restaurants). This area is considered one of the most prestigious residential areas due to its proximity to all the attractions. The area is prized for its superb views. Especially the upper part, reserved exclusively for the villas. At the moment, built on a little more than half of the area. Villas here are popular for locals with incomes above the average, and tourists (as a place for rest and temporary accommodation).

Market value:
At the moment the cost of land on the market: from 300 to 440 euro per 1 square meters. Our offer is 346 euro for 1 m²! The cost of ready-made houses: in the areas of 500-600 m² – from 700,000 €. The cost of building ‎800-1100 euro per 1 m². Bringing the territory in order (terrace, garden) – 400-600 euros per 1 m².
Thus (preliminary calculation):
Cost of the plot + construction: 175000 € + 270000 € = 445000 €.
Resale: from 700000 €.
Profit: approximately 255.000 (without taxes).
So, the profit is estimated at 60%. The project pays for itself after about 1.5-2 years, if you start construction immediately. The construction itself can be financed through a bank.

Details

Property ID
404

Land Area
505