A plot of land with an old building in Valencia is offered, 300 meters from the Turia park at the intersection of two streets.

Object for demolition. The plot of land on which construction is permitted is 569 sq. m.

It is allowed to build: two floors of garages for 36 parking spaces, five floors of apartments for a total area of 2785 sq. m and an upper floor of atico with an area of 381 sq. m.

According to the architects according to the plan, it is possible to build: 36 parking spaces, Commercial space 450 sq. M., 30 apartments of 75 sq. M. On five floors and 4 atico (upper floors) of 75 sq. M.

The cost of the facility is 1 000 000 Euro

Purchase costs:

The cost of 1 000 000 euros

Tax on the purchase of 10% 100 000 euros

Real estate agency 3% + 21% VAT 30000 + 6300 = 36300 euros

Miscellaneous (notary, register, banks, insurance) 3000 euros

TOTAL € 1,139,300

Expenses for construction work 3735 m х 900 euro-sq. m. = 3,361,500 euros (approximate)

Total costs: 4 500 800 euros

Incomes from the constructed habitation: in case of sale:

- 36 parking spaces, an average of 15,000 euros = 540,000 euros

- Commercial premises 450 sq. M. - 300 000 euros

- 2,785 m of apartments on an average of 1,400 euros per sq. m. = 3,900,000 euros

- Atico 4 apartments with an area of 381 m on average

By 1800 euros per sq. m. = 685 800 euros.

Income from sales: 5 425 800 euros approx.

Incomes from long-term rent of the constructed habitation: (all figures are represented roughly, proceeding from the market for December, 2016)

  - Parking places 36 to 60 euro per month = 2160 euros

- commercial premises = 1800 euros

- Apartments 30 apartments for 600 euros on average = 18,000 euros

Atico 4 apartments for 800 euros = 3200 euros

TOTAL: 25160 euros per month - 301920 euros per year. Profitability of 6. 7% -7% per year