Land real estate development | 484 sqm New Bucharest Sector 1

Land with excellent potential for real estate development | 484 sqm | Sector 1 – Str. Renașterii, Bucurestii Noi 2 minutes from Constanta Bridge, and 1min from Sos. Chitilei.

Rare opportunity for developers and investors looking for a plot of land in an established area of Sector 1, ideal for a boutique residential project, premium housing or high-yield investment.

Located on Renaissance Street, the land benefits from urban indicators that allow the development of an efficient project, in a market where land with this profile is becoming increasingly difficult to find.

Urban planning data:
Land area: 484 sqm
Area: L1a – small individual and collective dwellings
Maximum POT: 45%
Maximum CUT: 1.30
Height regime: GF+2 (with the possibility of building the attic according to the regulation)

Development parameters:
- Footprint of approximately 218 sqm
- Developed built area of approximately 629 sqm
- The possibility of supplementing the surface by building an attic, according to the provisions of the urban regulations.

Development scenarios:
Option 1 – Boutique Block (the most valuable investment)
- 6–8 Premium Apartments
- about 620 sqm built
- 8–10 parking spaces
- addressed to the residential segment with high demand in the area.

Option 2 – Residential project
- 4–5 generous apartments
- large terraces and modern partitions

A house is built on the land, which can be used temporarily or dismantled for the development of a new real estate project.
Details of the existing construction:
- House S+GF+M (partial), built in 1964, with extension in 2004;
- 131 usable sqm / 155 sqm built: 5 rooms, kitchen, 1 bathroom, 1 bathroom and balcony/terrace;
Footprint: 143 sqm.

This land represents an excellent opportunity for developers pursuing a boutique project, with a reduced number of apartments in an area where the demand for such properties remains constant, the mature area in Sector 1, with quick access to the main points of interest in the north of the Capital.

For additional information or viewing I invite you to contact me by phone.