Property Description
Beachfront plot of land for sale, which is located nearby a small bay of Aegean sea, with magnificent landscape.Location: Kiyikislacik, Milas, Mugla, Turkey
Brut area of land: 24,800 sqm
Net area of land: 10,000 sqm (for construction) + 4,000 sqm (for daily activities like watersports, restaurants, etc.)
In case of building hotel:
Permitted construction area rate: 0,90
Permitted construction area rate for daily activities: 0,05
Permitted total construction area of hotel: 0,90*10.000=9.000 sqm
If 30% of total construction area is used for base; 3 floors (1 ground+2 flats) can be built. In this case the base area of construction is 3.000 sqm. 3.000*3=9.000 sqm.
If 18% of total construction area is used for base; 5 floors (1 ground+4 flats) can be built. In this case the base area of construction is 1.800 sqm. 1.800*5=9.000 sqm.
Permitted total construction area for daily activities: 0,05*4.000=200 sqm.
In case of building holiday village or aparts:
Permitted construction area rate: 0,30
Permitted total construction area of village: 0,30*10000=3000 sqm
2 floored villas are alloved to build.
Permitted total construction area for daily activities: 0,05*4000=200 sqm.
This investment is more feasible for hotel construction as it is calculated. However, the property can be purchased for building villa(s). The reson is that the Turkish Government urge investors to build hotels on this kind of significant beachfront lands. Hotels and villas are surrounding currently.
Sales price of this unique 24.800 sqm. plot of land is 6.000.000 USD
Best Regards
Halit Tuvay
Mech. Engineer (B.Sc)
Commercial Real Estate Consultant, Izmir,Turkey
Gsm: +90 532 333 19 30