Profitable Business Opportunity in Peal de Becerro (Jaén-Andalusia)
Estimated profit is 53,43% (847,502.4 €).
Please ask for the Dossier and Full presentation of this profitable project.
The total expense budget is € 1,580,080.79 which includes the price of the current property (€480,000.00) and the construction project.
The plan consists in the construction and sale of 22 flats, 41 garages, 8 storage rooms and 2 commercial places in five levels, including a basement. Placed on a plot of 1005,66 m², strategically located on the main avenue of the town.
The evolution of the project area is favorable, due to the to the lack and high demand of newly construction housing (contact us for more information about the project).
The flat building will have all the basic services, with an average-superior quality. The condominium will have a communal pool area, parking places and commercial area that will serve the zone.
The flat complex is semi-constructed approximately at 30%, needing for finalize internal walls, finishes and home installations.
The preliminary market study shows that buyers would be willing to pay between € 90,000 and € 120,000 for a similar property in Peal de Becerro. Selling price calculations were made based on € 1,009.00 / m². Estimating a total of Sales Revenue of € 2,427,583.19 after IVA (value added tax).
It is estimated approximately 1 year to finalize the project.
The total expense budget is € 1,580,080.79 including the commercialization and administrative fees (€ 151,180.79).
The estimated gross profit is 53,43% (847,502.4 €).