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Own Land In Hod Hasharon Israel 125sq Meter

Own Land In Hod Hasharon Israel 125sq Meter

Posted by jackobdweck
Posting ads for 7 years

20 Uri Zvi Greenberg street Hertzeliya, Israel Office 0097299585500 Fax 0097299585400

Offer to join acquisition group for the land in West Hod Hasharon

In the past recent years; Hod Hasharon has been the up and coming area. Just 15 minutes east of Tel Aviv. Beautiful agricultural land, parks, recreation, shopping etc

The land is located in the West Hod Hasharon, in a compound known as the "Tzir Haheenooh", located adjacent to the "Four Seasons" Park, "Margaleet Mall", and "The temple Country Club". The new housing plan is located on site map below section /site1302

See location map below

Status planning procedures

The acquired land was zoned agricultural and is in the final stage to convert to residential zoning. by the District Planning and Building Center of Hod Hasharon. Site 1302 above, is subject to fulfillment of various conditions, such as preparation of development plan (architect waiting for sign off by Building department , preparation and distribution consolidation plan. All plans are submitted once District planning signs off on residential zoning of land project will commence with ground breaking.

Below is our site plan (land survey of the layout of this project

Details of the transaction proposed

After research of comparable pricing of homes in the area according to market data, homes that are 4 bedrooms, 5 rooms are currently selling for approximately - 2,000,000 shekels and up. According to this market data you have equity of over 50% and still rising at time of contract commitment.

Purchasers who are in this acquisition group will acquire land 125sq.meters (1250 sq. ft.). With rights to build a 4 bedroom, 5 room apartment in the buildings to be constructed in this residential community.

The estimated costs of the proposed transaction

The cost of acquisition of ownership rights to reflect the ground floor of the right unit of 125 sq.meters. is 400,000. Shekels For land acquisition only, required only one group of purchasers to the buyer the full amount of cost Purchase own capital to purchase land. Beyond the amount of acquisition cost, on each of the only group of purchasers to legally purchase tax paid at a rate Of 5% and lawyer at a rate of 1.5% plus VAT law. Estimated cost of construction.

The cost of acquisition of the land - an area of 125 sq.m. gross

cost of land acquisition (equity)= 400,000 shekels

Purchase tax 5% = 20,000 shekels

lawyer fees +1.5% VAT= 6990 shekels

Total land acquisition costs = 426,990 shekels

Construction costs (estimated approximate Date January 2010

municipality tax for residential Zoning = 100,000 shekels

Construction costs 4000 shekels per square meter * 135sq. meter = 540,000 shekels

Architects and consultants (apartment) = 20,000 shekels

Misc. Construction fees (apartment) = 35,000 shekels

financing costs (flat) (5%) = 34,750 shekels

unexpected rise of building costs (material) (10%) = 70,000 shekels

Total cost for apartment = 873,260. shekels

Total costs including land price = 1,226,740. shekels

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