Property in Izmir/Seferihisar – Buy yourself a nice piece of…
Gülçavuş, Enez, Edirne, Marmararegion, Türkei
Property Fully Developed
The property Gülcavus/Enez/Edirne, is only 5 minutes walk from the sea. The building land with a total area of 1110 square meters is offered for a purchase price of already 350,000 euros. The land is already fully developed at the time of purchase and can therefore be built on immediately without delay.
This land is a very interesting object for investors and developers. The property offers on the 1110 square meters enough space to build 12 villas. Each villa would have an estimated value of 70.000 Euro and can lead to a total turnover of 840.000 Euro.
The costs for 12 villas in this example would be 240.000 Euro. Due to a quantity discount for a construction project of 12 villas, the costs would only amount to 20,000 Euro (20,000 Euro x 12 villas).
Together with the purchase price for the land, the total cost is 590,000 Euro. Your profit on this project would therefore be around 250,000 euros.
Property: 350.000 Euro
Construction costs: 240,000 Euro
Profit: 250.000 Euro
A special feature that is offered in Turkey is the possibility of leaving half of the land to a developer after the purchase of the property. For security, everything is contractually regulated by a lawyer. This saves you a large part of the construction costs.
70.000 Euro x 6 = 420.000 Euro Your profit after completion of the construction project: 70.000 Euro.