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Development of a gated residential complex in the Kotor Bay

3
6550 m2
1000 m

Basic info:

Deal typePurchase
Property ID14602
LocationRisan
Distance to sea (m)1000 m
Plot area6550 m2
Land price
390 000 €
 

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Investment metrics:

Masterplan approvalYes
Gross development ratio0.6
Footprint ratio0.25
nb of storeys allowed3
nb of buildings8
Approved usageresidential
Сommunal tax paidNo
Preliminary planning guidelinesYes
Total investment requirement, EUR3 000 000 €
Project timeframe, months24 months
Total project revenue
- base case, EUR
4 691 200 €
Net profit – investor1 000 000 €
IRR217 %
Discount rate, %8 %
NPV1 464 890 €

Investment project in one of the most picturesque and popular areas of the Boko-Kotor Bay. This development project outlines a construction of 5 three-storey villas with 28 separate apartments, as well as several swimming pools, parking lot, children playground, facilities for 24/7 security personnel with video surveillance.

The plot has a great view of the Boko-Kotor Bay. Due to the cascade structure all villas have 100% view of the sea.

The project includes establishment of property management company that takes care of maintenance of common territory and swimming pools, organizes the work of security personnel and offers wide range of services to satisfy needs of property owners.

Special offer
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Your personal broker
Anton Shamarin
+ 382 69 256 446 anton@value1property.com
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