Apartment 10 000 m² Montenegro, Montenegro

Montenegro
€40,00M
;

Location

  • Country
    Montenegro

Property characteristics

Apartment parameters

  • Total area
    Total area
    10 000 m²

Description

The code of property - 1.30.13.7427

the Bechichi Complex. the Hotel complex to 2 lines of the sea is and constructed in the late nineties. Area of buildings the general: 10.000 m² Plottage the general: 36.670 m² Number of storeys: up to 5 floors Big parking Distance to: Budva of 1 km Distance to the sea: and beach of 150 m Locateds all necessary for implementation of the most ambitious of the project (the elite place and the large isolated territory with good landscape and more than sufficient number of rooms and availability of the hall for of seminars and conferences and the prestigious neighbourhood (near the best hotels of ChG) and proximity to beaches. Minuses: 1 - in the next one or two years needs to do repair; 2-rather high cost (40 million. Euro); But and as for the price and it is necessary to consider and that only land value on this of location makes 900 - 1000 euros/sq.m and or to 36 million Euros for all the site of 36.670 sq.m belonging to complex. Besides, on this site is authorized to build up to 100,000 sq.m and is already developed the project on construction of big tourist complex and are also already paid of "kommunaliya" in the sum of 5.6 million euros for construction of 20,000 sq.m of new housing. A if to implement the project on construction of new complex of 100 of 000 sq.m and that net profit will be at least 150 million Euros.
Updated at: 05/10/2023

Location on the map

Montenegro

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