Location

The 10,000 sqm plot of land is located in the north of the capital, the most sought after real estate area in Bucharest. Also called the “city’s green surrounding”, this part of the town is quiet and provides the opportunity to embrace nature.

It is a fast growing area, incorporating all the big retailers (Carrefour, Bricostore, Selgros, Ikea, Metro Cash&Carry), as well as most of the office buildings, so that the large majority of the people who live here assign very little time to getting to the work, shopping and leisure places.

Among the advantages of the area, there is easy access to the main national road (DN 1) and the two airports, but to the center of the city, as well. The Sunset Lake location is 10 minutes away from Arcul de Triumf, the place where the metropolitan business area begins.

The land is located on the bank of the largest navigable lake (Lacul Grivita) in Bucharest and is the last buildable parcel in a residential area where the urban development is completed and the infrastructure entirely defined. Therefore there is no risk of being disturbed by the development of other constructions nearby.

Land Potential

The Sunset Lake plot of land has great building potential due to its proportionally size, but mostly due to its location.

Up to 20,000 sq.m. of residential spaces (apartments with 1, 2 or 3 bedrooms) plus one level of underground parking can be built on the 10 000 sq.m. plot of land, in buildings which may be positioned as to offer maximum comfort and be delimitated by wide green areas.

The large opening on the lake shore enables the set-up of some leisure spaces which should include various areas of interest: floating dock, courses, swimming pools and restaurant/club.

A significant advantage of the plot, in comparison to other such spaces in Bucharest, is the fact that it has the entire infrastructure required for a residential project (utilities, driveways, sewage, etc.).

The land benefits from a very good urban planning regime in the entire surrounding area. Thus, although the entire neighborhood has a land use coefficient (CUT) not higher than 0.9 and a height (Hmax) of maximum 10 m, the urban planning indicators of the regional urban planning (PUZ) of the land are considerably higher, without spoiling however the concept of a residence located outdoors, on the lake shore:

land occupation percentage (POT): 30%; the rest of plot (considering that an underground parking level can be built on approximately 80% of the land area) remains green area: 70%;
land occupation coefficient (CUT): 2; it allows the construction of approximately 20,000 sq.m. of residential spaces plus the ;
maximum height (Hmax): 22m; it will allow a panoramic view of the lake, all the apartments will basically have this advantage;
S+P+5E+6R; the constructions which can be built shall be different from the surrounding buildings, as the entire complex shall be distinctive to the said residential area;

Financial Arrangement

We hereby invite you to take advantage of the good price and of this particularly beneficial financial arrangement!

The land price is EUR 500/sq.m. and shall be paid by a financial mechanism allowing scheduled payment, as follows:

the buyer shall purchase 100% of SC Sunset Lake SRL shares (share deal) which is a special purpose vehicle company owning only the land having no other activity;
as SC Sunset Lake SRL contracted a loan of EUR 2,450,000 land from BCR to purchase the land, the price shall be paid as follows:
1. the amount of EUR 2,550,000 for the purchase of Sunset Lake’s shares shall be paid directly to the seller;
2. the amount of EUR 2,450 000 are to be repaid by Sunset Lake to BCR.

The price is negotiable.