Resort Development Land Black Sea - Romania

A development site of about 2000 sq.m next to beach in a newly developing tourist area with sea views, situated in a quiet location,40 ft. above sea level planning permission has been granted for 25 ( one bedroom apartments) apartments, reception, pool, snack bar, garden. It would be possible to amend to 30 with the necessary consents.  The town of Mangalia is approx. 3 miles away, Constanta airport is about 28 miles away.   Asking price £ 165.000.

Foreseen gross profit more than   £500.000 in 2 years.

 Advantages of Investment in Romania:

• 25 to 35% capital growth forecast per annum for the next 5 years.
• Romania holds first place of the most profitable 20 European states in terms of estimated capital profits for the next 10 years.
• Romania joined the European Union in 2007.
• EU grants of 30 billion euros.
• New Super-Highway to connect Budapest and Bucharest.
• Local income and economy growing annually.
• 150,000 Romanians moving from the country to Cities each year.
• 1 million new homes required. At present only 20,000 new home starts per annum