Search
ID
14603
Location
Budva
Land Area, м2
1966
Land Price, EUR
1 236 000
Gross Development (GD) ratio
2,7
Plot utilization index
0,4
Nb of storeys allowed
8
Nb of units
1
TOTAL CAPEX REQUIREMENT /EUR
6 554 000
Project timeframe, months
36
Total project revenue - base case EUR
9 768 500
Net profit - investor, EUR
3 214 500
ROI
49%
IRR, %
45
Disount rate, %
8
NPV, EUR
2221030
• Project of construction of apart-hotel situated in the center of the busiest tourist town on the Montenegrin Coast
• 8 storey apartment building with 2 level underground garage
• 1966 m2 land plot
• Building footprint area 750 m2, gross construction area 5 318 m2
• Preliminary #of apartments – 80, garage parking lots – 80
• Ground floor: commercial space and apart-hotel sevices
• Floors 1-5: apartments
• Floors 6-7: luxury penthouse suits
• Management company performing building maintenance and arranging rental services
• Aimed at 2 buyer segments – holiday home buyers and buy-to-let investors
• 800 m to the sea
• 30 minutes to Tivat airport and 1 hour to Podgorica airport
