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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.
