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.