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ID
13606
Location
Budva
Land Area, м2
11246
Land Price, EUR
1 686 900
Detailed Urban Plan (DUP)
Gross Development (GD) ratio
0,6
Plot utilization index
0,25
Nb of storeys allowed
4
Nb of units
18
Master Plan Approval
TOTAL CAPEX REQUIREMENT /EUR
7 978 900
Project timeframe, months
36
Total project revenue - base case EUR
10 868 000
Net profit - investor, EUR
2 889 100
ROI
36
IRR, %
32
Disount rate, %
8
NPV, EUR
1824490
Building land on the beach Mogren. The area - 11246m2. The site is located on the top of the south-western slope of the hill Spas, offering a panoramic view of the Budva Riviera, the beaches, the fortress Mogren. Go to the top of the site abuts the road. Altitude of 150 to 200m. Distance from the sea 500m (air line). At the station ruins of 3 old stone houses. Conducted geological studies, which resulted in a positive conclusion.
The plot is divided into 12 urban parcels (plots), which allowed the construction of residential buildings with a total area of 8106m2 (coefficient of building 0.6).
On the neighboring areas adjoining the planned construction of elite residential, tourist and entertainment centers, golf golfing village premium.
