Construction of 33 residential townhouses in Armeñime, Adeje

Investment Project: Construction of 33 residential townhouses in Armeñime, Adeje, on a land plot of 2,110.05 sqm. Total land cost - 1,150,000 euros + 7% IGIC. Estimated construction cost - 1,300 euros per sqm. The selling price is planned within the range of 3,500-4,000 euros per sqm. The project involves updating the design by architect Emilio Mendoza, with an agreement on his fees. The estimated construction cost is 3,952,548 euros. The projected revenue from sales is from 11,550,000 to 13,060,000 euros. Potential profit is determined by the difference between the total construction cost and the selling price. Additional financial and legal analysis is required for complete transparency and project stability.