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A portfolio of land plots for residential and commercial development

71%

€4.000.000

Land

#11562

Value-Add, Opportunistic

2 Feb 2024

Property Details

Owner

For sale

3,866.88 acres

Freehold

Other

-Geodetic measurements performed -There is electricity near the plots, gas goes nearby -Water and wastewater local for private house lands -All communications are for lands with purpose to build apartments -Plots are in a beautiful locations, surrounded by greenery, close to forest and river, very quiet place -Good access to the plots, around residential houses, near shops, schools.

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Fees

1.00 %

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Investment Overview

Portfolio of land plots for residential and commercial development. It is possible to build 3 apartment buildings with 9, 5, 5 floors, total gross plot 15.159,7 sq.m. Apartment selling prices in Lithuania start from 1500 EUR/sq.m. with partial finish. It is possible to build from 62 to 124 private houses, total gross plot ~55000 sq.m. Private house selling prices in Lithuania start from 1100 EUR/sq.m. with partial finish. It is possible to build 5-8 summer houses near a lake, to rent or to sell to private owners. It is possible (after changing the purpose from agriculture to commercial) to build over 50.000 sq.m. total gross area for logistics or warehousing. The area is in a well known location, good communication between Poland and Latvia. It is possible (after changing the purpose from agriculture to private house land) to build 30 to 60 private houses. 62 land plot with purpose to build private houses. 5 land plot with purpose to build farmer's homestead 4 land plot with purpose for agriculture (available to change to commercial) 1 land plot with purpose for agriculture (available to change to build private houses) 1 land plot with purpose to build summer houses 2 land plot with purpose for commercial use The land plots can be sold individually with 20-30% price increase without exceeding market price.