Commercial in Budva

€ 1,200,000

Description


Excellent Investment project on Budva Riviera
Four villas with large plot of land for sale!
The owners of the project have already received the building permit and have finished the shell and core stage of construction. The new investor will have excellent opportunity to skip all the preparation stages: design, administration, obtaining of all the permits and approvals, site preparation and thus save at least a year.
The current stage allows you to alter the project to suit your needs and goals, you can do some some structural alterations inside the units, choose materials for the finishing works.

Exclusive location on the Budva Riviera
Obtained building permit for the construction of 4 residential buildings of 1,000m2 GBA
The plot is 2,200m2 (average price of the land in the area is approximately 130eur/m2)
100,000Eur has been paid towards the building fees and taxes
Site preparation works are completed
The constructed buildings are in shell and core phase ( the estimated costs of the works so far are approximately 650eur/m2)
Estimated additional investment of 500,000Eur is needed to finish the project (turn-key)
Estimated time to complete the project – 6 months


Property details

Construction phase
Resale

Location

Budva

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