Description
A rare chance to acquire a property on the border of Cumbor and Genovica, just 120 meters away from the prestigious marina Portonovi. Situated in the 4th row from the sea, this exceptional location offers incredible development opportunities and passive income potential.
Key Features:
- Land area: 377 m2
- Building area: 230 m2
- Permit for 4 floors (building coefficient 1.2, potential to construct up to 450 m2 of new facility)
- Utilities: fully equipped with electricity, water supply, sewerage, and Internet
- Building condition: can be dismantled to maximize site potential
- Existing: 4 rented apartments generating stable passive income
- Proximity to the sea: 120 meters (fourth line)
Advantages of demolition:
- High liquidity: Demolishing the current structure opens up space for new construction, crucial given the high costs of new buildings in the vicinity.
- Potential for new construction: Allowed to build up to 450 m2, significantly increasing the site's value.
- Established utilities: All essential connections are already in place, streamlining the new building process.
This property presents a fantastic opportunity for investors interested in lucrative development projects. Capitalizing on the esteemed location and premium prices for new constructions near Portonovi, demolishing the current building and embarking on new construction promises substantial returns.
