Additional data
detailed plan, electricity, water
Additional information
For sale: two adjacent development plots for the construction of apartment buildings on the border of Pärnu, in the Hirvela residential area, in the center of Sauga small town. According to the valid detailed plan, both plots (Rabaveere St. 2 and 4) can be developed with apartment buildings of 15 units each, allowing for a total of up to 30 apartments. Both plots have electrical connections installed (main fuses 3x40 A) and connection points for water, sewage, and telecommunications. The district heating connection point is 70 meters away.
The maximum permitted building area of the plots is 380 m² and 366 m², respectively, with one building allowed per plot and up to 3 above-ground floors (maximum height 12 m). The apartment buildings must have a similar architectural design and use of materials. Detailed building conditions are established in the detailed plan, available at: https://www.torivald.ee/sauga-alevik-hirvela-tn-1-dp1
The Hirvela residential area is located 5 km from the center of Pärnu, with convenient access from the new 2+2 Tallinn-Pärnu highway. The access road within the residential area is asphalted.
The development project’s profitability calculations are based on 30 apartments (total sales area approx. 1,560 m²) and a total development area of around 1,840 m². All major costs and revenues have been taken into account, including construction and sales prices, connection fees, and other charges.
The selling price for the plots (€250,000) applies when purchased together. When purchased individually, the price for one plot is €150,000. VAT is added to the selling price.
For more information, please contact us.
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KINNISVARAEKSPERT has been operating on the Estonian market since 1993. Our offices are located in Tallinn and Pärnu, and we serve you all over Estonia. Through cooperation partners Nord Prime Capital and Alliance Group UAB, we are also represented in Latvia and Lithuania.
We offer brokerage services, valuation and real estate advisory services in both the private and commercial sectors.
Kinnisvarekspert works closely with one of the world's largest real estate companies, Cushman & Wakefield. Our cooperation spans all over the world.
You can find more information at https://www.kinnisvaraekspert.ee
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