Land in Geldern, Germany, 2 015 sq.m

The plot is located in the town of Xanten (Mariensbaum district) on a quiet cosy street in a residential area, very popular for living among Germans because of its location. It is 3 km away from the river Rhine and two lakes with a nature reserve as well as being close to the Holland border.

Xanten is a small town in the north of North Rhine-Westphalia, on the lower Rhine River and is subordinate to the administrative district of Düsseldorf.

• the building permit is available
• working draft is prepared
• the area is developed

According to the official permit of the municipality, a residential building with 10 flats and 10 parking spaces can be constructed on the plot.

At the request of the buyer the house construction can be outsourced to a general contractor.

Based on the quotation of the general contractor the price per square meter is 2,050€.

The basics:

• Land size: 2 015 m²
• Living area: 1 012 m²
• Number of flats: 10
• No. of parking spaces: 10
• Construction time: 10-12 months

Price per square meter in a new building in the area:

• Flats, upper floors: 3,350€
• Flats 1st - 2nd floor: 3,250€
• Parking spot price: 7,500 €

The sales revenue will be:

Flats, upper floors: 1,549,000 €
Flats 1st - 2nd floor: 1,782,000 €
Car parks: 75,000 €