Commercial in city Podgorica (Titograd)

€ 800 000

We offer for SALE  an INVESTMENT PROJECT of construction a recreation center in national style in Dupilo, near Virpazar, Montenegro. The location is almost ideal for a project of this kind, as it provides access to Lake Skadar (2 km), the sea coast (19 km) and the capital Podgorica (25 km).

The project includes the construction of a restaurant with an area of ~ 900 sq.m  (including  sauna and billiards) and 3 hotel-type mansions with an area of ~ 500 sq.m  + organization of a private pond for fishing and recreation areas on a plot of 5.583 m2divided by Oryashitsa river. Plot owned!

If you wish, you can "reformat" the object how a personal villa in mountain area with a owned pond and guest houses.

Currently, ~ 1/2 works have been completed, all necessary communications have been completed (electric line, water well, retaining wall from flooding, a pond has been dug up, 0 and 1 floors of the restaurant, communication mines, second building – 4 apartment – is ready for facing).

CONSTRUCTION PERMISSION IS AVAILABLE – a big rarity for Montenegro!!!

At the moment, about 800,000eur already have been invested in this project, the total amount of investments will be ~ 1.5-1.6 million euros.

In general, the project is inexpensive for objects of this magnitude.

If funding is available, it is possible to complete the turnkey construction in 4-5 months. The estimated project payback period is 6 years.

Seller information

Seller type Agency
Company Red Feniks

Location of the property on the map

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