Land in Becici

Investment in real estate in Montenegro - urbanized plot of land in Becici for the construction of a residential building, just 350 meters from the beautiful beach. The plot has an area of 620 square meters and costs 600,000 euros. The construction of two floors of garages and five residential floors is permitted on the site. Sea views open from the first floor. The site has a development rate of 0.6% and a total construction rate of 3%. There is an conceptual design for a residential building with a total area of 2040 sq.m. gross (1600 sq.m. net). The total investment amount is approximately 3,300,000 euros. In this area, apartments are sold in the price range of 2,700-3,000 euros per square meter, and the cost of a parking space is at least 15,000 euros. Thus, the possible profit is 45%. The project implementation period is 24 months.