The object code is 1.20.11.9000
Montenegro, Herceg Novi.
A property for sale for 10 apartments. The villa is under construction and is an excellent investment opportunity. Apartments (apartments) can already be sold at 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 marina "Porto Novi". The sea is 5 minutes away.
All apartments have sea views. Panoramic view of the entire Bay of Kotor.
The villa has 3 parking lots: closed garage (4 spaces), lower street parking (4 spaces), upper street parking (6 spaces).
The upper floor apartments have an operational roof, on which you can place a recreation area with panoramic views of the entire bay, lay a lawn, install a swimming pool, Jacuzzi, barbecue area, play area, etc.
3 apartments out of 10 have already been sold.
The buyer of the Villa Monte Carlo project receives:
1. 7 apartments (350m*2200e) 770,000e (average price m2 in this location)
2. the area of the operated roof (150m*1000e) 150,000e
3. additional room "podrum" 75m*1000e=75,000e
4. 4 garage seats (4*15000e) 60,000e
5. 7 parking spaces on the street (7*5000e) 35,000e
The total value of the received real estate at the end of construction is: 1,090,000e.
Investments in this project are:
170,000e the cost of the project at the current stage of construction, including all costs for the creation of the project and construction work.
80,000e the cost of completing 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 the cost of finishing and other works before putting the "key in hand".(+-10%, depending on the finishing materials used).
All permits have been received, utilities (40,000e), a water pipeline have been paid, a power electric cable from the substation has been brought to the site. All land works have been carried out, all communications have been laid, the foundation slab has been filled in, the first floor has been erected to the overlap of the 2nd floor.
The project has no pitfalls.
Planned completion date: rough construction, monolith - September. Finishing "key in hand" - December 2020.
We are ready to consider options for co-investment or equity participation in the construction of this facility.
