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TARA SPLENDID HOTEL 1 Project

ID
14604
Location
Kolasin
Land Area, м2
2359
Land Price, EUR
245 000
Gross Development (GD) ratio
x1,5
Plot utilization index
x0,4
Nb of storeys allowed
5
Nb of units
1
TOTAL CAPEX REQUIREMENT /EUR
4 595 000
Funding requirement - investor, EUR
4 595 000
Project timeframe, months
48
Total project revenue - base case EUR
7 275 000
Net profit - investor, EUR
2 680 000
ROI
58
IRR, %
23
Disount rate, %
8
NPV, EUR
1360000

Land plot for sale with a project of construction of a 4* hotel in the center of the most prospective ski resorts of Montenegro - Kolasin, on the bank of the famous Tara river.

 

Future hotel is situated on the land plot of 2,359 m2. Based on the approved Detailed Urban Plan, the construction of 5 storey building is previewed (1 of which is underground), footprint area of 882,4m2, with a Gross Development Area (GDA) of up to 3,529 m2.

 

Hotel consists of 38 rooms and a restaurant, a conference hall and a disco club.

 

This land plot it is a part of a wider resort development known as Tara Resort, which consists of ski chalet village (11 chalets), 2 hotels (Tara Splendid 1, Tara Splendid 2) and leisure center.

 

There is an opportunity to buy the wider Tara Resort as a whole - please contact us for more details.