Bragadiru Villa Resort, South Bucharest
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The Location
Bragadiru is a town in the south-western part of Bucharest located 8 km from the centre of the capital. Bragadiru is part of the Ilfov County. Ilfov used to be largely rural, but after the fall of communism, many of the county's villages and communes developed into high-income commuter towns, which act like suburbs or satellites of Bucharest. The gentrification of the county is continuing, with many towns in Ilfov, such as Bragadiru, having a large potential of growth in the next decade.Ilfov has a population (excluding Bucharest) of 300,123. The population density is 188 per km˛. 40% of the population commutes and works in Bucharest, and in recent years, many industrial plants were built outside of Bucharest in Ilfov County.
The main activity used to be agriculture. Nowadays, due to the economical growth in Bucharest, many companies have opened their offices, production facilities or warehouses in the nearby villages, situated in the Ilfov County, thus making it the most developed county in Romania. The predominant industries in the county are: food and beverages industry, textile industry, technical components industry, paper industry, furniture industry, electrical equipments industry and electronic and optical equipment.
The Land for Sale
The land that Romanian Properties Ltd offers for sale is ideal for the building of a villa resort or a complex of a six floor building. It is located on the principal axis in Bragadiru. Not far from the land is a beer factory.The land is an almost perfect rectangle and extends over an area of 53,000 sqm.
All utilities are already on site: water pipelines, gas and electricity connections. Located in an intra-urban area, this land lends itself perfectly for the construction of a residential complex. The land is bordered by an existing access road.
We have already obtained all the necessary authorizations in order to develop a resort of 120 villas and we hold the certificate of urbanism. To be noted: the certificate of urbanism can be modified in order to obtain the authorization to build several 6 floor buildings. This procedure takes approximately 6 months and we can get the modifications approved on your behalf.
The land of 53,000 sqm is for sale at a price of 175 euros per square meter, that is to say a total of 9,275,000 euros. On your request, our lawyers can provide the titles of property so that you can proceed to your steps of due diligence.
The Residential Project
The residential project has been approved by the municipality of Bragadiru and the data presented below is in line with the certificate of urbanism. The PUD (Urbanism plan / approved project application) allows the construction of 120 villas of 200 sqm each.o The total area of land is 53,000 sqm
o Land costs: 9,2750,000 EUR
o Construction cost: 11,125,000 EUR
o Total investment: 20,400,000 EUR
o Minimum selling price per villa: 250,000 EUR + VAT
o Total income: 120 villas x 250,000 EUR = 30,000,000 EUR
o Total profit: 9,600,000 EUR
Concerning all the building work to be carried out on this land, 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 to receive further information, do not hesitate to contact us. We remain at your disposal for any legal or technical advice concerning this investment.
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