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Investment project in Virpazar, Montenegro, 1 499 sq.m

350 000 € Rate of return: 20%

Specifications

Sale price 350 000 €
Price per square meter 433.33 €
Floor area 1 499 sq.m
Number of storeys 2
Parking 25 мест
Address Montenegro, Virpazar, Oryahovo Pole
Location in a forest, in the mountains, on the lake shore
to the airport 25 kilometers
to a railroad station 29 kilometers
to the historical city center 3 kilometers
to the nearest big city 20 kilometers
to food stores 3 kilometers
to medical facilities 4 kilometers

Off-plan (Facility completion deadline: 2020)

Additional services

Residence permit upon purchase

Property management company

Finance

Profitability
Returns on investment per year 20 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Annual income on investment 350 000 €

Annual rental revenue, excluding operating expenses

Pay-off period 5 years

Rental income covers all the expenses in

Possible payment by installments

Description

COST REDUCTION TO 550.000 MONTENEGRO, SCADAR LAKE. INVESTMENT PROJECT.

Location: Bar area, Virpazar, Oryahovo Pole / Dupilo area.
Deleted - Skadar Lake (Virpazar - 3.3 km), the capital Podgorica - 25 km, Budva - 29 km, Petrovac - 19 km, Sutomore - 20 km).
The proximity of large sea resorts (in the summer more than 2 million vacationers) - 30 minutes by car or bus. Montenegrins and permanent Russians (more than 10-12,000 in the winter and about 100,000 in the summer) will provide an influx of people at any time of the year.
An excellent plot with an area of ​​5.583 sq m (56 SOTOK), consists of two parts separated by the mountain river Oryashitsa. The plots are property.
Certificate of Ownership 228 K.O. Dupilo Bar.
The actual area of ​​the plots is 700 sq m more; the "protective belt" of the river - the "promenade" will be used. The first two sections border a mountain river bed and an asphalt road 95 meters in length, the third - 52 meters border a river bed.
Negotiations were held with the Ministry of Finance of Montenegro on the lease (if necessary) of a neighboring state site (lower along the border with the river) with a total area of ​​4.063 sq m for a period of 25 years (10 + 15) with an annual rental rate of 4.000 euros. Purpose - sports / play area (Kettle, carousels, sports equipment, treadmill, system - "crooked mirrors", etc.)
Communications:
The access road is an asphalt road.
A private well was drilled at a depth of 39 meters, the inflow of class AA water was up to 350 tons per day.
Two new power lines with 105 kW power have been summed up and legalized.
The project is legalized, from 10.04.18, the construction of a tourist complex in the national style is underway.
All necessary taxes and duties were paid, permits for the construction of 1425 sq m of space were obtained.:
FAZA I. Br. 07-361 / 17 - UPI - 784 od 02/27/18 BGP 928.59 m2 two-story restaurant building:
0th floor - toilets, utility rooms
1st floor: kitchen, winter hall with 104 seats, summer terrace with 50-60 seats, utility rooms; wardrobes for staff, etc.
2nd floor: administrative part, 2 staff lounges, laundry / ironing, toilets, billiard room with 3 tables, 3 WC, terraces, etc.
STATE ON 08/15/18 - COMPLETED ZERO AND FIRST FLOORS.
FAZA II. Br. 07-361 / 17 - UPI - 785 od 12.0318 BGP 187,99 m2 two-storey house for four apartments with two fireplaces, reception of 12-16 people.
The construction is carried out in a “rough form” with a roof, communications are laid out and preparations for finishing work are carried out.
FAZA III Br. 07-361 / 17 - UPI - 786 od 25.0518 BGP 189.94 m2 two-storey house for four apartments with two fireplaces, reception of 12-16 people.
FAZA IV. Br. 07-361 / 17 - UPI - 787 od 05/25/18 BGP 118.64 m2 two-storey house for two apartments with two fireplaces, reception of 10-12 people.
Total places to accommodate 34 -44 people.
TOTAL CAPITAL AREA FOR CAPITAL BUILDINGS = BGP 1425, 17 m2
Additionally built on 07/15/18:
- a reserve distribution tank for drinking water 102 m3; - a concrete biological tank of 50 m3 for the installation of a sewage treatment system
- concrete retaining protective walls on both sides of sections adjacent to the river along a length of 140 meters and a height of 2.5 - 3.5 meters - work was carried out on the artificial lake’s fossil with an area of ​​2,200 sq m, 7,800 m3 of soil was dug and moved - cleared 100 meters long river bed
- a concrete trough was made along the length of the retaining wall to protect against possible floods
- contracts were signed for the supply of eco products by local residents and from Hungarian farms - two cars were purchased: a 12-ton refrigerator (up to -28 *) Iveco, a new Ford passenger minibus for 8 seats.
Additionally, the project provides:
- construction of ponds with fountains, arbors
- the construction of three fountains with lighting in front of the restaurant terrace
- construction of a "children's town" with sports and gaming equipment
- parking equipment for cars and vans - up to 40 places
- construction of a bridge 16 meters long across the river.
Until now, the founders of the company (three individuals) have invested 650,000 euros.
The estimated cost of implementation of all parts of the project (including the cost of land, project, permits, construction and installation works, furniture and equipment, etc.) is 1.350.000 euros, there is an estimate for contracts with customers (concluded), calculations for equipment, personnel, expenses, payback (ON REQUEST).
IN CONNECTION WITH THE LACK OF ADDITIONAL INVESTMENT FUNDS - IT IS PROPOSED TO ATTRACT A NEW INVESTOR OR CO-INVESTOR.
POSSIBILITY OF PURCHASE:
- 100% CAPITAL OF THE COMPANY WITH THE OWNERSHIP ON THE OWNERSHIP OF THE LAND, ESTATE AND COMPLETED CONSTRUCTION FOR 650.000 EURO. REMAINING 700.000, THE NEW INVESTOR MAKES AT ITS OWN DISCLAIMER (WHEN TIMELY FINANCED, THE GUIDELINED DATE OF THE END OF CONSTRUCTION AND THE BEGINNING OF OPERATION IS TILL SEVEN MONTHS.
- GRANTING A LOAN FOR THE AMOUNT OF 700,000 FOR A PERIOD UP TO 6 YEARS WITH A PAYMENT OF 2.5-4% ANNUAL.

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Company's website: Company's phone number: Messengers: Company offices:
Montenegro, Bar, 85000 MONTENEGRO, BAR, Tomba
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