30,881 sqm rare land in the Arhitecților neighbourhood with building permit for blocks.
30,881 sqm
Residential
Flat
"Intravilan" - intended for construction, whether for residential, commercial, or industrial purposes.
Land designation requests for the construction of individual homes or duplexes in newly developed or expanded areas of the town are processed quickly. The plot has appropval for blocks!
Land Parcel #113256 (Str. Ion Berindei, Cisnădie)Utilities are at the property or close, including gas, water, and electricity. Sewage needs to be added (see ROI). Road frontage is very wide throughout the entire plot.
Freehold
None, but the land is desginated for blocks.
€45 per sqm.
The Arhitecților neighborhood, located near Cisnădie but within Sibiu, has experienced significant growth, with its population increasing from around 3,500 in 2019 to approximately 8,000. Property prices have been rising due to growing demand, but much-needed development is required to accommodate this. The area offers a mix of residential options, including apartment blocks and houses, and is supported by improved infrastructure, schools, healthcare, shopping centers, and recreational areas. Real estate development is expected to continue as the demand for modern housing rises.
The idea is to solve the sewage problem in the area and then resell the land to a developer. The complete process is expected to take a maximum of one year. With a land area of 30,881 sqm, the total investment for purchasing the land, including additional costs for a sewage system, purchasing an additional 500 sqm plot, and connecting utilities, comes to approximately 3,496,910 euros. By selling the land at a price of 180 euros per sqm, the total revenue generated would be 5,563,580 euros. This results in a ROI of around 59%, indicating a promising potential profit within a short time.
This particular plot is strategically located at the edge of the currently developed zone, providing a unique opportunity for expansion. It is designated for the construction of multiple residential blocks, making it ideal for developers looking to capitalize on the area’s rapid growth and high demand for modern housing.
NA
The land has previously been used for agricultural purposes, primarily as grazing ground for cattle.
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