Commercial property in Montenegro, Montenegro

Montenegro
Archive cost €900,000
Sold or out of date
Updated at: 25/10/2023

Location

Country: Montenegro

Description

You will find an investment project for the construction of a residential apartment complex in the city of Prčan, Montenegro - Palma Plaza The plot for accommodation of apartments is the territory of a land plot of 1500 sq.m. in the immediate vicinity (about 50 meters) from the coastal beach line, with a good entrance and a magnificent view of the sea. . The terrain of the plot assumes a species character The location of the plot - calm terrain, for comfortable The proximity to the resort town of Kotor gives you the opportunity to use all the necessary infrastructure for comfortable living - shops, cafes, bars, restaurants, historical honotri Swordiness, harbour for mooring yachts and boats and much more. At a distance of not more than one kilometre - ferry crossing through Bocokotor Bay, which makes it possible to get in close proximity without loss of time living resort town Duke Nova (and further to the Republic of Croatia). To the airport of Tivat the trip by car will be no more than half an hour. The construction project envisages the construction of the main The total area of the sold premises is 1300 sq.m. pus consists of 13 apartments of different size - from 60 sq.m. to 1 30 sq.m., which makes it possible to attract buyers of different price groups. Apartments of the upper floors have spacious open terraces. t assumes the presence of an open heated pool in front of buildings and a recreation area , barbecue, playground behind the main building. At the investor's request, the project of apartments can be reformatted into a hotel complex of Land this plot has been purchased into ownership, all necessary documents have been executed on it, the Main section has been developed and agreed upon Estimated sales amount at pessimistic sale price of 2000 EUR/sq.m. will amount to €2,600,000. The term of the project is one year. The site is fully ready for construction. We propose to consider several options of the project implementation: Option I. We are ready to sell this project, by selling the company for which he is registered. in this way it will be possible to avoid by Payment of sales tax. The amount of sale - 550,000 Euro. The model of sale - is discussed. Option II. We sell a 50% stake in the company for EUR 350,000.

Features

  • Rent out

Location

Montenegro