LAND PLOT PARAMETERS
Land plot area: 2.1 ha
Designated use: 06.01 For the construction and maintenance of health and wellness facilities
Land tenure status: private ownership.
Area of existing buildings: 4,603.8 sq m (in satisfactory technical condition; the development concept provides for two possible scenarios: full redevelopment with demolition of the existing buildings or reconstruction of the sanatorium building followed by further development of the site).
LOCATION
The land plot is located within the city of Odesa, surrounded by recreational properties and in immediate proximity to Sovinyon.
Sovinyon-Chornomorka is one of the few locations in Odesa where an investor can still enter a premium resort-format project at an early stage, at an entry price significantly below its future market value. Locations of this kind no longer emerge — they only become more expensive.
Investment appeal:
- The only coastal land plot in Odesa with integrated resort potential and direct access to the sea (850 m of coastline);
- multiple upside in capitalization driven by the scarcity of comparable locations and the scale of the project;
- high liquidity: the apartment and branded residences format is a востребованный product for both resale and rental.
Infrastructure:
Sovinyon already has everything required for a fast project launch:
- utility infrastructure and road access;
- an established residential and recreational environment;
- tourist flows and a high concentration of premium audience;
- 25 minutes to central Odesa and 15 minutes to the Port of Chornomorsk;
- nearby yacht club, boat station, boarding houses and SPA facilities, football field, public transport, and 500 meters of beaches.
UTILITIES
- The immediate proximity of a transformer substation makes it possible to obtain technical specifications and secure electrical capacity for the project with minimal time and resource expenditure;
- water supply and sewage networks are located near the plot, which significantly simplifies and accelerates the connection process.
INVESTMENT POTENTIAL: APARTMENT DEVELOPMENT CONCEPT
The site development strategy provides for the implementation of the project in the format of an apartment complex. This makes it possible to build residential units for sale within the existing land designation and city zoning framework.
Market standard: this model is the core format for development in Odesa’s recreational zones, ensuring high sales velocity of square meters to private investors.
Safety assurance: the project is being designed with the region’s seismic characteristics in mind, which is a critical factor for high-rise coastal construction and an additional reliability argument for buyers.
The combination of high-rise development, an optimal efficiency ratio, and a sought-after apartment format provides attractive ROI metrics and a fast payback profile for the project.
PROJECT TECHNICAL AND ECONOMIC INDICATORS
- Planned gross building area (GBA): 49,300 sq m;
- planned sellable area: 41,900 sq m (according to the typical floor plan);
- efficiency ratio: 85% — a high level of usable area output driven by ergonomic architectural solutions;
- maximum height: up to 24 floors
The parameters comply with the current development restrictions for recreational zones and are calculated in accordance with the region’s seismic resilience standards. This ensures the maximum number of sea-view units.
OFFER FOR THE INVESTOR
Subject of sale: 100% of corporate rights
Asking price: $3,600,000
This is the last available opportunity of this scale — there are no more vacant plots of this type on the Odesa coastline. The current price offers substantial upside for the investor upon project implementation.
Additional information is available upon signing an NDA.
