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RISAN BAY frontline residential development project

RISAN BAY frontline residential development project
ID 16601
Location Risan
Land Area, м2 10237
Land Price, EUR 3 150 000
Gross Development (GD) ratio 0,6
Plot utilization index 0,23
Nb of storeys allowed 3
Nb of units 18
Master Plan Approval
Funding requirement - investor, EUR 8 300 000
Project timeframe, months 36
Total project revenue - base case EUR 12 800 000
Net profit - investor, EUR 5 500 000
ROI 66%
IRR, % 49
Disount rate, % 8
NPV, EUR 4174000

An attractive land plot for sale in Risan in the Bay of Kotor. The plot is sold with the project of construction of Risan Bay premium class residential development.  Distance from Tivat airport – 29 km, and from the airport in Podgorica – 118 km.

  • The plot is located very close to the front line, distance between the border of the plot and the beach is 50 m. Nearby there is a рebble beach 105 m long and 20 m wide. At this moment there is a lease contract made between the owner and the Coastal zone management agency Morsko dobro for the lease of the beach.
  • Plot surface is nearly flat and its height gradually increases to the eastern side.
  • The plot is connected to town infrastructure. For the purpose of cooling the equipment of the plant which existed earlier on this plot they used sea water which was conveyed to the plot by the pipeline from the pumping station. When constructing new object it will be possible to use this infrastructure for the construction of pools with sea water.
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+382 69 256 446