Investment 520 m² in Đenovići, Montenegro

Đenovići, Montenegro

$489,944

$942/m²

Investment 520 m² in Đenovići, Montenegro

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ID: 2393061

In CRM: 8086

ID of the ad on the website or in the company’s CRM

Last update: 20/07/2024

Location

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Country

Montenegro
Region

Herceg Novi Municipality
Village

Đenovići
Address

Put Sv Simeona

Property characteristics

Property parameters

Price per m²

$942/m²
Total area

520 m²

Location

By the sea

Description

Boka Kotorskaya Bay, District of Genovichi. Investment project of a two -story four apartment building The distance to the sea is 250m. Sea view The area of the site is 919 sq.m. The total area of 520 sq.m. Total living area 386 sq.m. Underground garage with elevator Two floors All state duties were paid to obtain permission to build and connect water, sewage and electricity The facilities of the object you will find at the bottom of the publication in "Additional files" The economy of the project The seller offers two investment options: - The first - the buyer redeems the entire project and builds on his own. At the same time, the cost of investment is 450,000 euros. Total living area 386 sq.m. The market price of the sale of one square meter in this location is 4200 euros. The total income to taxation will be 1621200 euros. Profit before tax will amount to 1171200 euros. - The second - the buyer pays the seller 380,000 euros, and does not take part in construction, while receiving half the facility for subsequent sale. The total living area will be 193 sq.m.Total income to taxation 810600 euros. Profit before tax will amount to 4,30,600 euros. The deadline for the end of work under the second option is one year from the date of signing the contract. Real estate in this location is in great demand among wealthy buyers from around the world. Analysis of the dynamics of the price of real estate market in Montenegro - shows a confident increase in the cost of finished housing, therefore, the above indicators of the yield of the project - can be exceeded by 15-20% of its implementation. Buying this real estate is a successful investment in your future! The Adriatic Sea is the cleanest in Europe. You can get here on a yacht - from anywhere in the world.To any city in Europe-by plane 1-3 hours Before Italy - one night on a ferry To Venice 900 km., Or 10 hours by car Montenegro has the official status of the most environmentally friendly country in Europe Air temperature in the summer +27 +43 degrees, in the winter +15, the terraces of cafes and restaurants work all year round You will find the purest beaches with various services, with bars and restaurants, two international airports, architectural monuments under UNESCO, ski resorts and elite world -class services for yachtsmen, as well as 290 solar days a year, pure ecology and low cost of life, and much more ... Additional information - upon request with the registration of the buyer (!!!) Any issues of optimization of prices, payment procedures, and others - only the seller decides, in a personal meeting (!!!)