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ID
13603
Location
Budva
Land Area, м2
41415
Land Price, EUR
4 141 500
Gross Development (GD) ratio
0,6
Plot utilization index
0,2
Nb of storeys allowed
3
Nb of units
42
Master Plan Approval
Construction permit obtained
TOTAL CAPEX REQUIREMENT /EUR
14 081 000
Project timeframe, months
48
Total project revenue - base case EUR
17 394 300
Net profit - investor, EUR
3 313 200
ROI
24
IRR, %
13
Disount rate, %
8
NPV, EUR
1086900
Land for construction of cottage posleka closed with its own infrastructure (sports center, a recreation area, shopping facilities and maintenance services) for permanent residence and recreation. The site is located in an old Montenegrin village Podostrog, one kilometer from the town of Budva.
The plot has an area of 41645m2, where you can build a residential development with a total area 21691m2 (coefficient of building 0.6). The plot can be divided into multiple locations in order to implement the project in phases or partial sale of land free of all.
The lower boundary of the village smoothly into the city limits. Distance to the sea 2 km, average height above sea level 200m new paved road. Panoramic view of Budva, Old Town, St. Stephen and the sea from anywhere in the area. To the bottom of the plot according to the plans of urban contiguity planned city bypass highway around the city of Budva, as well as radial standalone entry to the existing bypass.
The plot is divided into 42 urban area, the average area of 800m ², on each site can be built on two sites. It is planned to build about 30 - 40 houses an average area of 180 - 300 m ² on plots an average area of 800 m ² with an individual entry, parking (or garage) and a swimming pool.
It is possible to purchase a separate part of the area of 7300m2 for 600 000 euros (over the road), and a portion of an area of 34 700m2 at the price of 3.8 million euros (under way).
Planning documents and proof of ownership are available upon request.
