Land of 5,500 m² in, in the suburbs of Mohammedia, towards Ben Slimane, on the edge of the RN1, at the entrance to the city. Development plan provides for the widening of the road and will cut off the land by approximately 1000m². With the withdrawal of green space or parking, there remains 3500 m² in R + 4. The apartments currently sell between 8,000 and 10,000 dhs per m². Possibility of building 4th floor of 3500 m² or 14,000 m². To add the ground floor and the basement. If we count on 3,000 ²x 4 floor that makes 12,000² x 8,000 Dhs minimum (12,000 in 2 years) or nearly 100 million dhs of turnover excluding stores (3,500 m²) and a basement.
The cost of the construction is 3,000 dhs per m² Max, 4,000 dhs. Construction cost 4.000x15.000m² or 60 million including ground floor and basement. The calculation is quickly done. The land is assessed by the nearby tax reference system (1 or 2 km) at 18,000 dhs per m² of ground in R + 4. We sell the land at 35 million the 5,500 m of which 3,500 in R + 4 or 10,000 dhs per m² net.