Real estate investments in Montenegro – an urbanized land plot in Bečići for the construction of a residential building, just 350 meters away from a beautiful beach.
The plot has an area of 620 square meters and is priced at 600,000 euros.
It is allowed to construct two floors of garages and five residential floors on the plot. Sea view is available from the first floor.
The plot has a building coefficient of 0.6% and a total construction volume coefficient of 3%. There is a conceptual project for a residential building with a total area of 2,040 square meters gross (1,600 square meters net).
The total investment amount is approximately 3,300,000 euros. In this area, apartments are sold at a price range of 2,700-3,000 euros per square meter, and the cost of a parking space is a minimum of 15,000 euros. Therefore, the potential profit amounts to 45%.
The project is expected to be completed within 24 months.