Crevedia: Rebeca Residential Park
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The Location
Crevedia is a small city located in the northern part of Bucharest, in the Dambovita County. Composed of some residential complexes of recent constructions, this zone of the Romanian capital is among the most exclusive peripheries in comparison to the other parts of the city. Indeed, due to its positioning, Crevedia allows its inhabitants to reach all the conveniences of a large city while living the countryside.Due to its position in northern part, Crevedia is located 15 minutes away from the Baneasa area with brands such as Carrefour, Métro, Bricostore and Ikea. The access to the DN1 road makes it possible to reach the motorway and the international airport Otopeni in a few minutes. The access to Crevedia from Bucharest is very easy.
The quality of life for the residents of this small city is very pleasant. The landscape is splendid; the residential complexes are very well arranged and bordered by a forest. This area is unique in the neighbourhoods of the Romanian capital and the demand for villas is unceasingly increasing.
The Land for Sale
The land that Romanian Properties Ltd offers is located right next to some residential projects.The land is a nearly perfect 80 hectares rectangle. The land is entirely leveled and borders the skirt of the forest. It offers a very pleasant sight on the surroundings.
All utilities are already on-site: water pipelines, gas and electricity are located either directly on the land, or in its immediate proximity. Located in intra-urban zone, this land is ideal for the construction of a residential complex of villas and apartments.
Regarding the access, for the moment there are countrysides roads which lead to this land.
The work of providing services and utilities for this land will cost approximately 10 million Euros. These works includes the extension of the drains, the creation of the access roads, the electricity, etc.
This land of 800,220 sqm is for sale at a price of 35 euros per square meter, that is to say a total of 28 million euros. The price thus remains much lower than other plots located in this area usually sold at least 100 euros per square meter. Our lawyers can provide, on your request, the property titles so that you can proceed to your steps of due diligence.
By taking into account the acquisition cost, the notary expenses and the investments to provide services and utilities for the land, this investment is an excellent opportunity for a medium-term investment.
The Rebeca Residential Park
Built on a surface of approximately 80 hectares, the project "Rebeca Residential Park" will be characterized by the quality and architecture of the construction. Each land allocated for a construction allows the development of a private swimming pool or a playground for the children.The "Rebeca Residential Park" will be distinguishable from the other complexes due its position on the edge of the forest. The future residents of this district will be part of the middle-upper social class of Bucharest. This complex will be inhabited by the families eager to move away from the city in order to benefit from the peace which offers this area.
The complex will be located in full nature and will be entirely protected with guards at each entry.
The project enables the development of 572 villas, 2,510 apartments, a school, a medical centre, a church, a kindergarten, a pharmacy, a sports complex with swimming pool and tennis courts, restaurants and numerous parks.
Technical data
o Area for mixed functions units (school, church, parks, etc.): 271,288 sqm (A)o Number of apartments: 2,510 on a built area of 453,200 sqm (B)
o Number of villas: 572 on a built area of 343,100 sqm (C)
o Total built area: A + B + C = 1,067,588 sqm
Financial data
o Land acquisition: 35 EUR/sqm = 28,007,700 EURo Constructions of villas and apartments: 392,645,000 EUR
o Expenses for utilities: 22,080,000 EUR
o Expenses for mixed functions: 33,582,150 EUR
o Total investment: 476,314,850 EUR
o Selling Incomes:
o Individual villas: 343,100 sqm x 1,500 EUR / sqm = 514,650,000 EUR
o Apartments: 453,200 sqm x 1,200 EUR / sqm = 543,840,000 EUR
o Total incomes: 1,058,490,000 EUR
o Total investment: 476,314,850 EUR
o Gross profit: 582,175,150 EUR Concerning all the building work to be carried out on this land, from providing services and utilities for the land until the development of the project, the experts of Romanian Properties Ltd can assist you from the elaboration of the project until the marketing.
We can also handle all your affairs with the local authorities, notaries and banks. Our range of services suits perfectly the needs of foreign investors not knowing specificities of the Romanian real estate market.
If you wish further information on this land, do not hesitate to contact us. We also remain at your disposal for any legal or technical advice concerning this investment.
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