Bucharest Land for Residential Development For Sale

Business description

The land is near the shore of Lake Floreasca in the northern part of Bucharest, (near to the Chinese Embassy and opposite the Presidential residence). This is an exclusive residential area with very few plots remaining for development. Demand in Bucharest for quality family homes continues to grow faster than supply and prices in the area have risen sharply. The vendor holds clear title deeds for the land and these also show that the plot has been recognized as suitable for four large family homes (or luxury apartment blocks). The total plot size is 4,000 m2. Between the plot and the lake is a 50m wide strip of public land and footpath, the lakeside frontage (75m) is attached to the plot and could accommodate a landing stage or boathouse. At EUR 3,500 / m2 this represents a fair market price for some of the most desirable real estate in a prime location within Romania's booming capital city. An investor now would have an excellent opportunity to profit from luxury residential development.
-price 14,000,000 euro's

Other information

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