Land with project approval stage for TOURIST VILLAGE RESORT-
Land of 77 hectares, with front directly on the sea, is entirely typed as F 8 (resort)
I would add that we are proceeding to the presentation of a new PDL (from the master if he deduced the guidelines), as required by current planning instrument in the town of Salve.
The procedure is that of conference services — one stop shop. The time to start the construction works are 12–15 months of the submission of the PDL. The PDL is ready, is waiting to be submitted at the end of the study we commissioned VAS, and can be modified according to the needs of a possible new purchaser.
The guiding principles of the new PDL are, first, the sustainability and eco-friendliness, despite the large volumes available.
For this it is highlighted that in reality are occupied by buildings only spaces equivalent to 1/5 of the soil. Many soils will be restarted for the self cultivation of food at 0 km, according to the models of urban gardens. There will be almost energy self-sufficiency, fish farming and waste water for reuse in agriculture. The materials used for the buildings will be compatible and characterized by the territoriality.
The area for sale is located in the southernmost part of the province of Lecce, known as Salento, a few kilometers from Santa Maria di Leuca, a seaside resort renowned and appreciated for its natural beauty of land and sea, and the beauty historical, present also in nearby towns.
Salento is the subject of much attention and interest from investors in the tourism sector, for the considerable development potential, considering the shortage of accommodation and quality services, because it represents one of the new destinations most requested by tourists and Italians foreigners, attracted by the many significant quality, natural, artistic and gastronomic offerings from its territory, the particular size and shape of the area that allows an extended and dynamic attendance.
The property has an area of approx. 680,000 and faces one of the most beautiful stretches of coast in Salento, partly sandy and partly of low rock, with a waterfront of about mt. 600 and then spread to the inside, divided in two by the coastal road connecting Gallipoli to Santa Maria di Leuca, but easily connected with an underpass and/ or overpass.
A portion of the property for an area of square meters. 500,564 has been affected by a development plan that has typed and included in Building Program of the City of competence, which is the planning instrument currently in force, as F8 area with tourist-residential.
Whereas the approval of the Plan of housing development to date have taken place new regulations that make impossible the solutions provided at that time, you must set up a new implementation plan, always keeping the requirements of the approved planning.
The index of manufacturability territorial is equal to 0.60 m³/ m² and then the total volume achievable is equal to mq. 500,564 x 0.60 = mc. 300338.
The land area is affected by the construction of 25% of the entire area lottizzabile, then equal to m. 125,121 for part-residential accommodation, 12% equal to m. 60058 is intended for bathing and sport facilities, while the remaining area is destined to house areas, green spaces, parking lots, driveways, cycling and walking.
The land area on which you can build is divided as follows:
Residential: up 60% to 125,121 x 60% = 75,072 sq. m.
with i. f. f. 2,5mc/ sq. m.
equipment and services: at least 25% or 125,121 x 25% = 31,280 sq. m.
with i. f. f. 3 mc/ sqm
Hotel: minimum 15% to 125,121 x 15% = 18,768 sq. m.
with i. f. f. 1.6 mc/ sq m 125121 Add up
Residential 75,072 sqm x i. f. f. 2,5mc/ m = mc 187680
Equipment and facilities 31,280 square meters x i. f. f. 3 mc/ m = mc 93840
Hotel 18768 sq. m. x i. f. f. 1.6 cm/ m = mc 30,028 Add up mc. 311,548
Bathing and sport 60,058 square meters x 0.05 = 3,000 Add up mc mc 314548
The sum of the individual cubatures realizable in accordance with the indices land is higher than the permitted total from the index territorial, therefore, should be reformulated the partial values.
Moreover, given the considerable impact of settlement and socio-economic intervention throughout the city and to the agreements reached with the city administration and regional, it was decided to reduce, in the design phase of the new plan, the total volume in cubic meters. 240,000.
The administrative procedure is, as already mentioned, the establishment of a new development plan, which is currently being processed, respecting the rules and the size of these, so roughly divided on the basis of agreed airspace and the reshaping of percentage destinations of use, increasing the hotel and reducing the residential:
Residential tourism 60% mc. 144,000
services 25% mc. 60,000
Hotel 15% mc. 36,000
Add mc. 240,000
bathing and sport mc. Add up 3,000 cubic meters. 243,000
Approval of the plan will be binding, not in the forms and types of buildings, but in the distribution of the functions established, spaces and volumes, and the basis on which to develop the final and executive designs on which require building permits.
The asking price for the sale of land is commensurate to the volume forecast at 240,000 cubic meters and the unit cost of 100 €/ mc, and amounted to a total of € 24 million. This figure also includes sqm. 180,000 for agricultural purposes, excluded from the plan of subdivision.
You can also purchase additional square meters. 100,000 of adjacent land and entirely on the sea where you can not build, but serve to expand the provision of bathing facilities.
At a rough estimate the total cost of the investment is as follows:
Purchase of land € 24,000,000
Construction € 120 million
Landscaping various Add up € 30 million € 174 million
in addition to administrative costs, infrastructure costs and cost of construction, and beyond the design costs of around 3% of the actual cost of the works as well as legal and VAT as per law.
The counts reported above are calculated for excess, and in any case not precisely defined.
Sale price of the land with planning permission custom
€ 26 million