Development project on the border of Prague.

The development project is the construction of 198 one-storey family houses, ranging from 119 to 188 sq.m. The area of ​​land, gardens, available for each house – from 260 to 530 sq.m. The project is divided into 2 stages of development. The first stage includes 101 houses, the second – 97 houses. The total area of ​​the land plot is 101 322 sq.m.
Costs. The purchase price: 260 000 000 CZK (about 10 000 000 euros). Construction: 320,000,000 CZK (approximately 12,300,000 euros). The cost of infrastructure is 75,000,000 CZK (approximately 2,900,000 euros). Indirect costs: Architectural project – 7,000,000 CZK (approximately 269,000 euros). Engineering costs: 4 500 000 CZK (approximately 173 000 EUR). Construction supervision: 5,000,000 CZK (approximately 192,000 euros). Insurance: 3 500 000 CZK (approximately 134 000 euros). Occupational health and safety: 3 000 000 CZK (approximately 115 000 EUR). Marketing: 5 500 000 CZK (approximately 211 000 EUR). Others – variable costs (legal, audit, accountants): 7,000,000 CZK (approximately 270,000 euros). Total: 26 564 000 euros.
Prague is the city and capital of the Czech Republic, the administrative center of the Central Bohemian Region and its two districts: Prague-East and Prague-West. Forms an independent administrative-territorial unit of the country. Population: 1.28 million people (as of 2017). Fourteenth largest city in the European Union. Located on the banks of the Vltava River, forty kilometers from its confluence in Labu. The main political, economic and cultural center of the Czech Republic. A major tourist center of Europe. The number of tourists in 2012 exceeded 5.4 million people.
The cost of the object is 26 564 000 euros. Income (without VAT). The average price (out of all 198 houses) per house is 6,000,000 CZK (approximately 233,000 EUR) 198 x 233,000 EUR = 46,134,000 euros. Income: € 46,134,000 (income) – € 26,564,000 (expenses) = € 19,570,000. Project implementation period: 3-4 years Investor / developer participation = 70% / 30% Investor participation includes project financing. Developer participation includes supervision, organization and implementation of the project. The documents are ready for the deal. Additional information is available upon request.