Review notes
How to read these figures
Observations prepared by reading the business plan together with the project drawings and the presentation. They help anyone assessing the operation to ask the right questions.
RevenuePrices for families, not for niches
The two ground-floor homes are priced at €550,000 and the two penthouses at €580,000: about 140 m² of commercial area each, i.e. between €3,900 and €4,150 per m², on average €4,040 per m². This is not the price of a plain apartment: it includes two parking spaces, the private garden of over 200 m² (over 300 for the Gardenia penthouse), the covered terraces on the first floor and the standard Prestige configuration, i.e. A4-class envelope, 3 kW photovoltaic system, Light home automation, high-quality finishes and pre-fitted connections for all systems. Outdoor kitchen with BBQ, mini spa and the other Experience Packs are paid options, hence additional revenue that the business plan does not consider. These are new A4-class homes: buyers can access a green mortgage on favourable terms, a concrete selling point. The positioning remains below the new prestige developments on the Riviera and in line with a new home with garden five minutes from the centre of Savona.
CostsWhat is included
The total cost includes the land with the approved project (€700,000), notary and brokerage, turnkey construction (€855,000, about €1,530 per m² of commercial area), technical fees at 5%, €30,000 of charges and the sales agency at 2%. Contingencies are at zero: anyone assessing the operation can add them in the simulator, where 10% on construction costs about €85,000 of profit.
AllotmentsAn ancillary revenue, not an assumption
The six Green Farm allotments are worth €150,000 in the business plan, €25,000 each for plots from 159 to 274 m² with water and power. They are in the green area uphill, plot 4, and can be sold to the buyers of the homes with a right of first refusal or to third parties. Without the allotments the profit falls to about €570,000 and the ROI stays above 33%.
PermitsThe hardest risk is behind us
Planning permission with agreement has been granted and applies the Ligurian Piano Casa, Regional Law 49/2009: demolition and rebuild with a volume bonus and a requirement for high energy performance. The appurtenant parking spaces carry the twenty-year restriction set by the agreement. The floor plans were updated in May 2026 and the excavation sections are in the dossier.
ReturnROI and duration
The 42.4% ROI is calculated on total cost, without financing. Over sixteen months on site it corresponds to about 30% annualised. It is a gross return: income tax and cost of capital must be considered in the final assessment, and the simulator lets you do so in one move. Bringing revenue down to €2.25M in the simulator, profit remains at about €560,000 with a 33% ROI.
StrengthsWhy the figures hold
The entry is contained, €700,000 for a serviced plot with an approved project, and the operation closes with four sales. New A4-class homes with a garden are rare in Savona and the Piano Casa has already secured the volumes. The margin is wide: even with revenue down 10% and construction up 10%, profit stays above €400,000, with an ROI close to 23%.
Confidential document, based on the Nexora S.r.l. business plan. The simulations are working tools and do not constitute an offer or a guarantee of results.