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ID
13604
Location
Budva
Land Area, м2
7188
Land Price, EUR
2 156 400
Detailed Urban Plan (DUP)
Gross Development (GD) ratio
0,8
Plot utilization index
0,3
Nb of storeys allowed
5
Nb of units
4
Master Plan Approval
TOTAL CAPEX REQUIREMENT /EUR
7 906 800
Project timeframe, months
36
Total project revenue - base case EUR
10 753 248
Net profit - investor, EUR
2 846 448
ROI
36
IRR, %
29
Disount rate, %
8
NPV, EUR
1741590
Land in Budva with spectacular panoramic sea views and a building permit. Total area - 10 170m2.
The plot consists of 4 construction land plots.
The first plot has an area of 6 018m2 previewed for the construction of a tourist complex (3-storey building plus 1 level of basement).
The remaining 3 plots with a total area of 3 050m2 can be used for the construction of residential buildings (3-storey building plus 1 level of basement).
The site is located on the southeast slope of Saviour mountain, above the old town of Budva. The plot offers a panoramic view of the Budva
Riviera beaches and Budva Old town. The top of the site has direct road acess, the lower part of the site is adjacent to the Budva-Tivat motorway.
The plot has access to all utilities. Geological studies of the plot are coducted, positive conclusion for the possibility of construction is obtained.
The neighbouring plots are previewed for the construction of luxury residential and tourist properties.
