Building land in the center of Santa Eulalia for 63 apartments

Urban plot in old town from Santa Eulalia only 3 minute to the beach  ( licence have to be renewed ).

The Underground with 213 parking spaces.

Ground floor built 1869 m2 flats and premises

1 st floor  built 1819 m2

2 st floor built 1819 m2

3 st floor 3 bedrooms penthouse utility 1613 m2
Penthouse duplex plus 821

Selling price: 

213 parking X       10.000 - 15.000 EU

63  Apartments  x  350.000,-   average

8 local comercial  300.000,- each

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Sale Price

22.050.00,-         Apartments

2.400.000,-         Local

Total . 26.580.000,-

Purchase costs

Price : 7.000.000,- euro asking price plus 10% Purchase costs

Construction  costs  6.000.000,-  to  7.000.000,-

Total cost    13.000.000,-

Total vp :    26.580.000,-  (on Plan)

The bank finances the construction!

There is no new development in Ibiza sells immediately under project 30% first year , 2 º e year 40% built fleche sold remaining 30% with updated prices true 2019.

These is the exact location of the plot!!