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BULJARICA RESIDENCE Project

ID
17603
Location
Buljarica
Land Area, м2
3659
Land Price, EUR
450 000
Gross Development (GD) ratio
0,4
Plot utilization index
0,2
Nb of storeys allowed
3
Nb of units
6
Master Plan Approval
TOTAL CAPEX REQUIREMENT /EUR
1 395 000
Project timeframe, months
36
Total project revenue - base case EUR
2 430 000
Net profit - investor, EUR
1 035 000
ROI
74
IRR, %
29
Disount rate, %
8
NPV, EUR
192586

The project of new villa complex on the land plot of 3659 m2 next to the famous Adriatic spa resort Petrovac, close to the sandy beach Lučice.

 

The complex is located on the fenced and secured territory. The project includes 6 indepenent villas with swimming pool and parking space, each standing on its own land plot of 500 m2.

  • Living area of individual villas starts from 210 m2.
  • The Lučice beach, one of the best sandy beaches of Riviera Budva, is within 800 m distance.
  • Astonishing sea view from the whole territory of the complex, famous historical sight monastery Gradište is just nearby, spa resort Petrovac is 1 km away.
  • The main project is ready.