Large Development Property near Geilo Town Centre

Buskerud Næringsmegling AS has been commissioned to sell a centrally located development property in Geilo, consisting of a large undeveloped plot of land and a residential property with a detached house.

The central location and zoning purpose in one of Norway’s largest and best winter sports destinations indicate potential for attractive utilization.

The sale is conducted as a combined transaction for both properties and will be executed as a property transfer.

The total plot area is approximately 14,000 m², but parts of the area are zoned as recreational land, meaning the developable area is estimated at around 10,000 m².

The sale also includes a detached house located on a 4,804 m² freehold plot. The house was built in 1968 and has a gross floor area of approximately 140 m² (GFA). Additionally, there is a single-car garage.

The residential property is zoned for residential use with a utilization ratio (BYA) of 10%.

The undeveloped property is zoned for hotel/restaurant, access road, and recreational purposes. Before development is permitted, a detailed zoning plan must be approved.

The buyer is responsible for initiating and covering the costs of the detailed zoning process and any necessary coordination of zoning purposes.

It is also expected that the municipality may require reimbursement for the establishment of municipal infrastructure as part of the development process.