Investment 520 m² in Đenovići, Montenegro
Đenovići, Montenegro
€450,000
€865/m²
Location
Property characteristics
Property parameters
-
Price per m²€865/m² -
Total area520 m²
Description
Translate
Show original
Русский
Boka Kotor Bay, Djenovici district. Investment Project of a two-story four-apartment building
Distance to the sea 250m. Sea view
Plot area 919 sq.m. Total area 520 sq.m. Total living area 386 sq.m. Underground garage with elevator
Floors – two
All government fees have been paid to obtain a Construction Permit and connect water, sewerage and electricity
Floor plans of the Object can be found at the bottom of the publication in the “Additional files”
Economics of the Project
The seller offers two investment options:
- first - the Buyer buys the entire project and builds it on his own. At the same time, the cost of the investment is 450,000 euros. Total living area 386 sq.m. The market price for selling one square meter in this location is 4,200 euros. The total income before tax will be 1,621,200 euros. Profit before tax will be 1,171,200 euros.
- second - the Buyer pays the Seller 380,000 euros, and does not take part in the construction, while receiving half of the Property for subsequent sale. The total living area will be 193 sq.m.Total income before tax is 810,600 euros. Profit before tax will be 430,600 euros. The completion date for the second option is one year from the date of signing the Agreement. Real estate in this location is in great demand among wealthy buyers from all over the world. An analysis of the price dynamics of the real estate market in Montenegro shows a steady increase in the cost of finished housing, therefore, the given indicators of the Project’s profitability may be exceeded by 15-20% upon its implementation. Buying this property is a successful investment in your future! The Adriatic Sea is the cleanest in Europe. You can get here by yacht from anywhere in the world.To any city in Europe – by plane 1-3 hours
To Italy – one night by ferry
Venice is 900 km away, or 10 hours by car
Montenegro has the official status of the most environmentally friendly country in Europe
Air temperature in summer is +27+43 degrees, in winter +15, terraces of cafes and restaurants are open all year round
You will find the cleanest beaches with a variety of services, bars and restaurants, two international airports, architectural monuments protected by UNESCO, ski resorts and elite world-class club services for yachtsmen, as well as 290 sunny days a year, clean ecology and low cost of living, and much more…
Additional information - upon request with Buyer registration(!!!)
Any issues of price optimization, payment procedure, and others are resolved only by the Seller, during a personal meeting (!!!)
Posted at: 20/07/2024
Updated at: 20/07/2024
Location on the map
Đenovići, Montenegro
Ask all your questions
Send your request to the agent
Similar properties
