Sesvete-investment building land 11,000 m2 in a fantastic location

Description of property

Attractive building land of approximately 11,000 m² in Sesvetski Kraljevac, eastern part of Zagreb – an area with a pronounced growth in new construction and strong demand from buyers for mid-price apartments.
The plot currently houses an existing building scheduled for demolition, which allows the investor to prepare the terrain for the implementation of a new residential project in accordance with the applicable urban planning parameters.
The location has excellent transport connections – only approximately 15 minutes drive to the center of Zagreb, with direct access to the Zagreb–Dugo Selo road (D10) and close proximity to the suburban railway. In the immediate vicinity are schools, kindergartens, shops, health facilities and complete communal infrastructure, which makes the plot ideal for a larger residential project.
Urban planning parameters • Purpose: Residential zone (S) • Urban rules: 1.5 • Utilization coefficient (kis): 1.2 • Maximum number of floors: Ground + Ground + 1 + attic • Maximum GBA: approx. 10,900 m² • Realistically achievable GBA: approx. 9,000 m² • Estimated net sales area (NSA): approx. 6,700 m²
Permitted construction: family houses, urban villas and small apartment buildings.
Development potential (indicative concept) • 23 residential buildings in a row • 5 apartments per building • A total of approx. 115 apartments • Average size of apartments ~56–75 m² • 1 parking space per apartment (115 PM) • The possibility of phased implementation of the project
Financial potential • Estimated average selling price: approx. €3,000/m² • Estimated GDV (gross value of the project): approx. €20.1 million • Estimated developer margin: around 22%
The land is ideal for developers, investment funds, construction companies or private capital looking for a project with clear parameters and significant development potential.
More information on request. 
Agency commission: 3% + VAT.