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Land proposal in Central Moscow

 Region: Moscow

 Price: EUR € 22 066 936

 Bedrooms: 0

 Property Type: Commercial Property

 Development State: Off Plan


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Amenities: In City
Description:
Location: Khodynka area

Land size: 0,7 hectares

Terms of use: Land lease for 49 years

Buildings and constructions: 3 four-storey buildings which are rented out, total size 3300 m2. In further they will be demolished and it is intended to build there 30000-40000 m2 of office rooms. At present the existing building are rented out for $1000/1m2 at average.

Price: $30 000 000

Additional information: Our partner in Moscow will be responsible for initial and permissive documentation which will cost $100/1m2. The project cost will be $2 000 000. Project preparation and registration time – maximum 1,5 years. So, in total at first stage it is necessary to invest about $5 000 000. This money will be returned with lease of 3300 m2 which have been rented out already.

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