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ID
13615
Location
Kamenari
Land Area, м2
9034
Land Price, EUR
2 950 000
Gross Development (GD) ratio
0,8
Plot utilization index
0,4
Nb of storeys allowed
3
Nb of units
12
TOTAL CAPEX REQUIREMENT /EUR
10 870 000
Project timeframe, months
48
Total project revenue - base case EUR
14 380 000
Net profit - investor, EUR
3 510 000
ROI
32
IRR, %
22
Disount rate, %
8
NPV, EUR
1837320
A large investment project in the village of Kamenari.
The land plot of 9034 m2 is offered for the construction of a luxury residential development.
The site is located 300 meters from the seafront and offers a magnificent panoramic view of the bay: the ancient UNESCO-protected town of Perast and ultra-modern luxury yacht marina Porto Montenegro.
A construction of a residential development of 12 buildings (96 apartments with panoramic views) is previewed, with the gross development area of 7000 m2.
Kamenari is a picturesque village on the sunny side of the Bay of Kotor with a population of 1100 inhabitants.
Kamenari has a ferry boat access to Porto Montenegro, the airport of Tivat, and the old town of Kotor. There is a 30 minute drive to the airport of Dubrovnik (Croatia).
