58 Acres Land with development potential

Giza
$3,250,000

Summary

  • Land
  • Land size: 58 Acres

Details

Land Documentation:
- Fully documented with a contract from the Ministry of Agriculture.
Land Overview:
- 58-acre parcel with significant development potential.
- Location: Cairo-Alexandria Road, km 64, Exit 6, Tourist Villages Road.
- Proximity: Only 4 km from the main Cairo-Alexandria Desert Road.
- 22-minute.
. drive from Sphinx International Airport.
Current Features:
- One Private villa with a garden and swimming pool.
- Olive and fruit fields.
- Additional facilities: guard rooms, workers' quarters, and livestock sheds.
Infrastructure:
- Public electricity, 100 KVA transformer, backup generator (100 KVA).
- 3 water wells.
Ownership and Documentation:
- Ministry of Agriculture contract.
- Possession card and electricity contract.
- Located just outside the city limits of Sphinx. So full freedom of action.
Development Potential:
- Buildable area: 56 fedan, 22 carats, and 13 shares.
- 650 meters of frontage on the asphalt road.
- Initial construction on 7% with no legal requirement. “A villa designed with two
stories, a loft on top, and a private pool would provide an ideal retreat just outside
the city limits—an oasis of extreme serenity for those seeking a tranquil escape”.
- Ability to extend the building ratio to 14% through a legal process.

Potential Future Vision: 100 Desert Style Reef Villas Project
Development Potential:
- Can build 7% without regulations permissions or 14% with permission.
- If 7%: a villa designed with two stories, a loft on top, and a private pool would provide an ideal retreat just outside the city limits—an oasis of extreme serenity for those seeking a tranquil escape.
Feasibility study:
- Estimated Building Cost: $4.0 million ($40K/Villa)
- Total Investment: $7.25 million
- Estimated Selling Price: $300k/Villa
- Projected Return: $30 million
- Profit: $22.75 million
Location Insights: Nearby Similar Projects of developments: Afoq, Kafraway, Suliminea, Byoot Bay Resort & Hotel.

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