Land for sale in Land Plot In Sal, Santa Maria, Sal

£60,000

1 of 1

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Land for sale

Property features

Covered area: 160
1 outbuilding(s)

Property description

Plot 201 is a 160m/sq plot priced at 80,000 in Santa Maria town, suitable for the construction of 8 apartments.

Example of build costs, selling at 1100 m/sq. (Properties in Santa Maria sell from 1000 to 3000 euros a square meter and this is rising).

Plot 201 is 16,00x10,00m = 160,00 sq.m.

You can build on 10m x11m of the land which allows approximately 450 sq.m. Of construction on 4 floors totalling 8 one bedroom apartments.

Construction cost: 450m x500E/sq.m build costs 225.000 E

Land cost 80.000 E

__________

Total cost 305,000 E

Sales 450x 1100E/sq.m sales price (min) = 495,000 E

Estimated profit = 190,000

Cape Verde Property have A selection of land plots available.

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For more information about this property, please contact
Cape Verde Property, SL4 on +44 1753 383629 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cape Verde Property, and do not constitute property particulars. Please contact Cape Verde Property for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.