Commercial property in Kumbor, Montenegro
Kumbor, Montenegro
Archive cost €170,000
Sold or out of date
Similar properties
9
Updated at: 27/05/2021
Location
Country: Montenegro
Region: Herceg Novi
Village: Kumbor
Description
The villa is under construction and is an excellent investment opportunity. Flats (apartments) can already be sold during the construction phase. You can also consider the object as a rental business in the form of a mini-hotel for 10 apartments. The villa is located directly above the "Porto Novi" yacht complex, 5 minutes from the sea. All apartments have sea views. Panoramic view of the entire Boka Kotorska Bay. The villa has 3 parking spaces: closed garage (4 spaces), lower street parking (4 spaces), upper street parking (6 spaces).
The apartments on the upper floor have an exploitable roof, on which you can place a recreation area with a panoramic view of the entire bay, lay a lawn, install a pool, jacuzzi, barbecue area, play area, etc.
3 out of 10 apartments have already been sold.
The buyer of the project gets:
1. 7 apartments (350m * 2200e) 770,000e (average price per m2 in this location)
2. operating roof area (150m * 1000e) 150,000e
3. additional room "podrum" 75m * 1000e = 75,000e
4. 4 garage spaces (4 * 15000e) 60,000e
5. 7 parking spaces on the street (7 * 5000e) 35,000e The total value of the property received upon completion of construction is: 1,090,000 e.
Investments in this project are: 80,000th cost of completion of rough construction (monolith - the object is completely under the roof without finishing) Upon completion of the monolith, you can actively sell apartments for further investment. 320,000 cost of finishing and other works before handing over "the key in hand" (+ - 10%, depending on the finishing materials used).
All permits have been received, taxes have been paid for connecting to city communications (40,000e), water supply, a power cable from the substation has been connected to the site. All earthworks have been completed, all communications have been laid, the foundation slab is poured, the first floor has been erected to cover the 2nd floor.
The planned delivery date: rough construction, monolith - September. Key-in-hand finishing - December 2020
The buyer of the project gets:
1. 7 apartments (350m * 2200e) 770,000e (average price per m2 in this location)
2. operating roof area (150m * 1000e) 150,000e
3. additional room "podrum" 75m * 1000e = 75,000e
4. 4 garage spaces (4 * 15000e) 60,000e
5. 7 parking spaces on the street (7 * 5000e) 35,000e The total value of the property received upon completion of construction is: 1,090,000 e.
Investments in this project are: 80,000th cost of completion of rough construction (monolith - the object is completely under the roof without finishing) Upon completion of the monolith, you can actively sell apartments for further investment. 320,000 cost of finishing and other works before handing over "the key in hand" (+ - 10%, depending on the finishing materials used).
All permits have been received, taxes have been paid for connecting to city communications (40,000e), water supply, a power cable from the substation has been connected to the site. All earthworks have been completed, all communications have been laid, the foundation slab is poured, the first floor has been erected to cover the 2nd floor.
The planned delivery date: rough construction, monolith - September. Key-in-hand finishing - December 2020
Features
- rent
Location
Kumbor, Montenegro
