Plots Of Land With Residential Planning Permission

Asking Price: 2,602,800 €

Land available for investment or development 2km from Arad City, close to the national Arad-Oradea Road. This area is considered one of the most desirable for residential development. Planning permission is pending for the development of 78 houses consisting of ground floor, mezzanine and first floor suited for family living in a desirable and accessible location.

The total area of 7.23 hectares of land is situated close to the existing village of Zimand Cuz.

The plot of land is available with planning permission pending, this will be delivered as part of the pre-sale contract. A 10% refundable deposit is required (held in escrow), the balance of payment will be payable on delivery of the zoning perrmission ("PUZ") by the vendor.

Residual land prices and property values are still increasing throughout Romania despite a downturn in countries such as the UK. Colliers Romania, forecast that price increases in the residential market are expected to maintain a growth rate of 15-20% as demand continues to outstrip supply.
(Source: Colliers Real Estate Review)We are also advised that there will be an uplift on the land value of 10-15% once planning permission has been granted.

This represents an excellent opportunity for investors or developers to obtain the land below current market price. Taking into account a miniumum growth in the of both the expected market rise in value and an increase with the planning permission this would ensure a minimum growth of 20% within twelve months prior to any construction or development taking place.

To register your interest please click on the email link and we will send you further information.

About This Property

Category: Investing/Development Address: Arad Transylvania Romania For Sale By: Agent Construction Year: n/a Area: 72,300 m2

Bedrooms: n/a Bathrooms: n/a Sleeps: n/a Stories: n/a Parking Spaces: n/a

Contact - More Information

Louis Rigney - Isis Developments SRL   Your Name: Your Email: (will not be stored, we will never send you unwanted emails) Your Phone: Your Comments:

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