Feasibility

Area – 883 m2

120% x 883m2 = 1059 m2

1059m2 ÷ 3 floors = 353 m2 per floor

353 m2 ÷ 4 flats = 88 m2

Total – 12 flats each 88 m2

Financial

Cost of land = € 690,000

Cost of building – 1059m2 x 900 = € 953,100

Services = € 100,000 (architecture, license, electricity, water, etc.)

Total cost = € 1,743,100

Selling price: 12 flats x €250,000 = € 3,000,000