Ready for construction with all papers approved PUZ
Private property
Property Description
The land is situated in the exquisite Baneasa Sector1 in north Bucharest. The land can be used for constructing a 240 rooms four star hotel or a very luxurious office building. Prices for sqm of offices in the area are around 3000 euro. There are no hotels (2,3,4 or 5 stars) on a radius of more than 2km. Rental prices for 4 star hotel rooms in Bucharest are around 140 euro minimum. The land is situated at 120 seconds from the Highway DN1 and Northern Road Ring! Fantastic location. Extraordinary construction permits!( 2Ug+Gf+9Fl).The owner will pay for the architectural project! Price required is of 450euro per sqm approved for construction (5,750,000 Euro).Total construction plan is about 15 mil euros
Those who will build an office building will enjoy a rental fee of at least 20 euro per sqm! ( annual income of about 2,500,000 euro)
Those who will build the hotel will find out that in Bucharest for the last 4 years there is less than 20% room vacancy! ( annual income of about 8Mil euro!)
