Property type: Villa with a potential of building Multistorey Flats, Leisure Property, Residential, Cafe & Bakery
Tenure: Development Opportunity villa ,For Sale.
A Villa with a compound .The property offers 2 bedrooms spacious living room, kitchen and 1 bathroom. Service quarter has 2 bedrooms , 1 bathroom and a kitchen. A decent sized garden and parking space for 3 cars. This villa is placed on a main road.
A site benefiting from full planning consent to provide a boutique scheme of just ten brand-new apartments and a ground-floor A3 commercial unit. The proposed scheme is designed over four-storeys and features two bedrooms per apartments, private amenity space to Unit 2 and well-designed, spacious accommodation, whilst being seconds from many local amenities.
Land size 220 /Sq. m
Development finance comes in many forms with much depending on the type of project.
* Development finance can be arranged by using the land as collateral.
* Also venture capital can be arranged for any development projects
* Once built estimated rental income will be ETB 700,000,00 /annum excluding cost.
* Once built estimated value of the multistorey building will be ETB 25,000,000,00
* Estimated rent at the moment ,without any upgrading or investment ETB 120,000,00 / annum.
* Price is negotiable
* Dont miss this great opportunity.