OTOPENI ODAI Retail Park North Bucharest Investment opportunity

BLISS Imobiliare | Isfahan Doekhie | investments@blissimobiliare.ro

Objective: To attract an investment partner in charge of the construction of the retail park

With the fast development of Otopeni as a residential destination and the further development/improvement of the Bucharest Ring Road and the future metro stops in Otopeni also the Otopeni Odai area is developing fast.

This part of Otopeni has a direct access on the Bucharest Ring Road and the National Road DN1 connecting Bucharest with the Henri Coanda airport.

This area lacks retail shopping and therefore we propose the option to become a partner in the first OTOPENI ODAI Retail Park (Strip mall). 

The owner of the plot of land is looking for an investment partner responsible for the construction development of this project. The estimated investment needed for this is 1.5 million euros which takes the full project investment to 3 million euros offering the investment partner 50% of this project.

The actual owner will offer in this project:

• The land plot
• The building authorizations
•  The signed rental agreements with the retail tenants

The estimated NOI for 100% occupancy is €350,000 + VAT. (Colliers Romania)

The specifications are as follows: * 

OTOPENI ODAI Retail Park

• LAND PLOT 9,070 m²
• GLA 2,854 m²
• ESTIMATED NOI FOR 100% OCCUPANCY €350,000 + VAT
• SIGNED TENANTS Profi, Pepco, KIK*
• * in advanced negotiation

* Colliers Romania

PROPERTY DESCRIPTION

The retail park is an under development project, with estimated delivery date set for June 2021.

The land plot has the Urbanism Certificate, and the Construction Authorization directly obtained. The property has already agreed contracts with strong anchor tenants such as Profi and Pepco, and is currently under advanced discussions with KIK and other important retail players: café, pet shop, pharmacy, laundry cleaning, restaurant. The main objective is to set 100% occupancy rate, before the completion of the construction.

LOCATION 

The retail park is located in Otopeni, 27 Odaii Street, having nearby Amethyst and Ambasad’or. The area represents a big plus when referring to the residential parks delivered or to residential projects under development, with great potential for quantitative growth in the following years.

The property is situated close to the Henri Coanda International Airport, and is also well located, taking in consideration the quick access to the North Bucharest Ring Road and the national Road DN1 offering quick access to the city of Bucharest. Further the future metro lines will be at a close distance.

PROPERTY PLAN 

• C2.03 : Su = 233 mp 
• C2.02: KIK | Su = 650 mp 
• C2.01: PEPCO | Su = 551 mp 
• C1.05: Coffee shop | Su = 133.6 mp
• C1.04: FARMACIE | Su = 127.35 mp 
• C1.03 : Su = 193 mp 
• C1.02 : Su = 415.45 mp 
• Shopping carts space: 25.75 mp 
• C1.01: PROFI | Su = 550.75 mp 
• Shopping carts space: 25.75 mp

BLISS Imobiliare | Isfahan Doekhie | investments@blissimobiliare.ro