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SAJO PROJECT Budva

SAJO PROJECT Budva
ID 16605
Location Budva
Land Area, м2 700
Land Price, EUR 1 000 000
Gross Development (GD) ratio x4
Plot utilization index 0,8
Nb of storeys allowed 5
Nb of units 1
TOTAL CAPEX REQUIREMENT /EUR 3 900 000
Funding requirement - investor, EUR 3 900 000
Project timeframe, months 24
Total project revenue - base case EUR 5 824 000
Net profit - investor, EUR 1 924 000
ROI 49%
IRR, % 9
Disount rate, % 8
NPV, EUR 208000

The project of the construction of residential/commercial building in the center of Budva along the main transportation road of the coast and just 200 m from the beach

The plot of 700 m2 is located in the most attractive part of Budva for construction of mixed use builidng (commercial and residential):

- Highly visible (along main road) – ideal for building a “visit card” project to enter the market
- Highly demanded spot for commercial premises (street retail, offices space)
- It is only 100m to two supermarkets, 200m to the beach.
- wonderful park with tennis courts and indoor swimming pool across the road
- excellent sea view starting from the 1st floor

Currently there is a house on the plot, which shall be removed.

By current Detailed Urban Plan the construction of a 5-storey building is allowed on the plot, with footprint of 560 m2, and Gross Built Area of 2,800 m2.
 

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+382 69 256 446