Investment project close to the Skadar Lake

, , Montenegro [ref: 14010]

€ 800,000
(£ 696,000)
Investment project close to the Skadar Lake

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Property Details

Location: Dupilo, Orahovo Polje

Region: ,

Type: ,

Size: 5.583 m2 + 1425 m2

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Property Description

This investment project is located in Dupilo, Orahovo Polje that is 3 km from Virpazar and Skadar Lake.

The plot is 5.583 sq m and it consist of two parcels that are divided by the river Oraostica. The bigger plot of 3.329 sq m has direct access to the local asphalt road and to the river, while the second plot has 52 m border with the river.
Water supply is solved by the water well, 39m deep, that has the flow of 350t per day, the water is first class quality AA.
Electricity supply: there are two new electricity supply lines.

The project has all necessary paperwork and permits in place, at the moment the project is in shell and core phase and it consist of:
– Two level restaurant building of 928m2 GBA
– Two level building with four apartments for rent 187m2 GBA
– Two level building with two apartments, 118m2 GBA

In total the plans are to build the accommodation for  32 – 44 people.

In addition, the investors have also completed the water reservoir , the bio-septic tank, supporting walls and the ground works for the building of the small artificial lake ( 2.200m2).

The overall investment for the completion of the project is 1.600.000 EUR ( including the cost of land, construction, permits, ground works, furnishings and appliances).

It is possible to buy the 100% of the company that is the owner of the development for 800.000 EUR.

Or to buy 50% of the company for 400.000 EUR and to invest further 400.000 EUR within five months.

Please contact us for further information.