A 40,000 sq.m. land segment (Land) with a stone made house within 9 km from Yerevan is on sale now! The Land is 3 km far from Yerevan-Ashtarak highway, one of Armenia's major international highways. This highway connects Yerevan, the Capital of Armenia with other big cities, as well as with Tbilisi, the Capital of Georgia.

Major part of the Land area is flat; it has also small depressions, and a small ravine, which may become an admirable leisure zone. This Land has a great view on Holy Mount Ararat.

The Land and the house are a private property. All legal documents are available.

This land is classified as agricultural and can be used for any agricultural or related activities, including agro tourism, tent city or leisure zone without any additional permission or charge. It can also be a great orchard (of apricot, peach, apple, quince, grapes etc.), greenhouse or a farm.

Permission for heavy construction on this Land, including Land’s usage purpose change, can be gained through an application to the corresponding government bodies and paying fees for land’s category change. However, this package includes 600 sq. m. residential land with a stone made house (summer cottage with 2 floors and a large basement). The house is located on the hill next to the Land, from which the whole area is seen. New construction or reconstruction on this residential land doesn’t require any land category change.

Communication and Utilities

There is a country road (no asphalt) to the Land from the highway. This 3 km road now is in a poor condition, but still functioning. Most probably it will be repaired by the Government in the near future to insure bypassing roads for the Capital Yerevan and communication between the communities. Moreover, the Armenian Government is currently implementing North-South Road Pass Investment Project to bring the roads of Armenia to European standards. The project is financed in cooperation with Asian Development Bank. The purpose of the project is to reconstruct the Meghri-Yerevan-Bavra road which crosses the country from North to South connecting Georgia to Iran via Armenia. And this is exactly the same road which is in 3 km distance from the Land. Also there is a railway station in 5 km from this piece of Land.

A channel of irrigation water crosses near by, and irrigation water is available for the whole land area.

A drinking water pipe can be installed from a water pipe which is near the highway.

There is an electricity line crossing the Land's upper border. An application shall be submitted to the electricity distribution company to gain permission and set electrical transformer for supplying electricity.

TV, mobile telephone and high speed wireless Internet are available in this area.

Principal advantages:

- Location: Very close to Yerevan, meanwhile in a clean area
- Panorama: Great View on Holy Mount Ararat
- Price: Extremely low price in comparison to the lands near the highway (3 km) and in Yerevan (9 km)

Prices near highway: 50 - 80 USD per 1 sq.m.
Prices in Yerevan: 300-3500 USD per 1 sq.m.

Price of the target Land is about 100 times less than the minimal prices in Yerevan, only 9 km far. Such a big gap can not sustain even 1 year because the lands in Capital Yerevan and nearby are limited and major urban development is oriented to these areas. Therefore, the current low price can grow rapidly here. And finally a sharp growth of prices is expected here because of current low start base. No doubt that this particular investment opportunity is a golden chance to gain super profit in a short time.

Principal disadvantages:

Main disadvantage is current poor condition of the 3 km road connecting the Land to the highway. However, this temporary disadvantage may eventually turn into an advantage when the road is repaired and a very nice, quiet place is discovered almost in Yerevan, but in a clean zone with a great panorama.