Overview
- 1.120 m2
- 1.120 m2
Description
The reason to invest in this Land
- Land investment in Eski Mezitli is secure by default.
- Central location, surrounded by luxury villa and apartment compounds!
- Allows good density for an 8-storey apartment block.
- Construction can start right away!
- Sell off the ground or after completion.
Location of the Land Investment
Mezitli is one of Mersin’s 4 central districts and it is arguably the most popular area for settlers due to its wider streets, marketplaces, seaside paths, bike lanes and newer, more affordable building stock.
In the Eski Mezitli area, very close to two great residence projects, this land is in a potentially elite residential area of the future.
Now, the area has available land for development, and it is very close to the green space which will be preserved for its agricultural production value.
Buy this land today, and wait 12-18 months to start construction. It is ideal for mid-term investment.
Property Features
Block 927 Plot number 8, 1.120 sqm gross area. This is the net development area of the investment land.
Zoning: Residential, E = 0,90 maximum 8 Storeys
Sellable area: 1.120 x 0,90 = 1.008,00 sqm plus open extensions 1.008,00 x 1,20 = 1.209,60 sqm.
Total construction area 1.209,60 sqm x 1,30 = 1.572,48 sqm.
Development ideas
Eski Mezitli is developing as a luxury villa, luxury apartments area where many luxury projects are completed and under development.
Our strategy should be to have two good quality apartments on each floor. On the ground floor we could have the lobby, common areas and a one or two-bedroom apartment. The rest of the building will have 2 apartments on each of the 7 floors.
Another idea is to have a basement where we can accommodate allocated car parking. This would surely add value to our project, despite the increase in the total cost of building.
With design we could generate identical apartments or test the possibility of a two bedroom flat on one side, and a three bedroom flat on the other.
Let’s talk about your idea and we have got the design and development team to deliver the good for you!
