Mine Peza Residence in Tirana

Name: Sales in Mine Peza Residence started!
Start: 2022-06-06T07:26:31.111884+00:00
End: 2023-12-31T23:59:59+0000
Location: Mine Peza Residence

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Project info

Object ID: 20435

Finished at	December 2022
Price, m²	From 1415$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 116.00 m²
Floors	12
Condition	Turnkey
Construction type	Monolyth
Security	Reception
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

164,140$

Net profit

9,376$

Payback period

14.0 years

Avg property value increase per year

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About the project

Mine Peza Residence is one of Nova Construction latest projects that will be built in one of Tirana’s most strategic and important locations (Mine Peza). This object will main residential space, as well as different services such as an underground shopping center. We have aimed to construct a project that will add missing solutions to this area, additionally improving the urban-architectural outlook.

The site surroundings: North-East of the site faces the main street of “Mine Peza”. North-West of site faces and connects with the secondary street that leads you into the rest of the neighborhood. South-West and South-East of the site face pedestrian passages and systemized green spaces.

The main street of “Mine Peza” (North-West) connects the site to the main square of Tirana in a straight walking/driving direction (7 minute walking distance / 500m).

On this project, we have collaborated with the distinguished Italian Architectural studio; Archea Associati. They have successfully bought visions into life and achieved prominent overlooks to the areas where they have operated.

The design concept of the object consists of continuous balconies formed in a perimeter shape. Whereas, in the center of the object there is a courtyard that is also surrounded by continuous balconies.

The object maintains functions such as three floors underground parking. The ground floor consists of a shopping center.

Residential floors consist of 12 apartment typologies, whereas the balconies form a continuous dynamic facade.

With a variety of different functional typologies, Mine Peza Residence offers spaces with high quality construction which guarantee living with maximum standards.

Developer

Nova Construction was established in 2012. It is one of Albania’s newest but never the less successful and thriving construction firms – mai…
Details about Nova Construction 2012