Zdjęcia

Size:
27,500 m2 (296,017 square feet; 31,890 square yards)
A partial purchase (min. 2,000 m2) is also possible. Further information are given below.

Location:
Romania, Bucharest, sector 1, district Baneasa, north-western part of Bucharest; one of few places in Bucharest with greater opportunities for development

Possible use:
Plot is classified as building land; house building and utilities (selling and social facilities, administrative offices); so far approved for 6 floors, applied for 8 1/2 floors. On neighbouring plots buildings have already been constructed (villas and six-storey houses)

Transport connection:
Only 800 m (0.5 miles) away from the North-South line E60 (Soseaua Bucaresti Ploiesti) and the East-West connection Soseaua Odaile; in the vicinity of the airports Bucharest Otopeni International (6 km / 3.7 miles out of town), and Bucharest Baneasa (5 km / 3.1 miles into town).

Land tenure:
German owner with residence in Frankfurt/Main, clearly clarified ownership and respective entries in the land register

Marketing:
German agent in cooperation with Austrian/Rumanian agents and local lawyers/notaries in Bucharest.

Price and assessment:
Due to reasons of age of the owner a short term sale would be appre-ciated in spite of the bad state of the market. The owner is aware of the fact that current conditions do not allow an ideal purchase price.

Current Price:
• 6.88 million € (250 € / m2) for the total site
• For partial purchase of land (min.2,000m2) a 10% higher price is calculated due to the increase of ancillary costs

Investment chance:
With the economic recovery in Romania prices are expected to return to similar amounts as before the crises. This would give an investor a chance of a return of nearly 100%. Thus, the offered plot means an interesting low-risk investment for business or for private purposes.

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