Location: Av. 12 de Octubre, North Quito, 1block from World Trade Center building. An exclusive area with luxury hotels, restaurants, office and department buildings.
Lot size: 1800 square meters (m2) = 19,368 sqft. One m2 =
10.76 sqft.
Total net selling construction m2: 10,368 m2 = 111,560 sqft.
Total gross income 10,368 x $1,100 = USD11,404,800
Estimated price per m2 is below the average market price $1,200 to sell in the
lowest possible term.
Costs: lot US$1,500,000
Construction cost 11520 m2 x $500 = US$5,760,000
Total cost: US$7,260,000
Income: US$11,404,800 - $7,260,000 = US$4,144,800
Return: US$4,144,800/$7,260,000 = 57.09%
Project term: construction and selling: 2 years
Annual return: 28.55%
Joint Venture:
We handle the conception, design, construction, project
management, marketing, advertising, sales, legal (all required work);
Investor provides project funds required.
% rights for each partner to be negotiated.