Plot of land For Sale Herceg Novi, Kumbor Ad:741689

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Montenegro > Miocevici

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€4,900,000

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Plot of land
For Sale
Miocevici
Montenegro

Complex size is 10677sqm . It is situated on the Boka Bay (in 1997 officially joined
the Association of 28 most beautiful bays in the world) and is five
minutes drive to the historic town of Herceg Novi. The town itself is an
architectural mixture of Romanic, Byzantine and Oriental styles and its
centre `Stari Grad` dates back to the early 15th century. Often called
`City of the Sun` and `Town of eternal greenery` it is filled with
fashionable cafes, restaurants and bars to satisfy all taste buds and
pockets.
Complex overlooks Azure blue clean waters, and surrounded by scented
mimosa, camellia, oleander and bougainvillea you are immediately
transported into a Mediterranean haven that complements the high end,
modern architectural lines of this very attractive gated community of
buildings.
An average of 260 sunny days per annum with temperatures of 25c between
May to September and very mild winters between 16-22c ensure this region
enjoys its own micro-climate and is well known amongst Montenegrins as
having the best weather in the whole country.
Extremely accessible and just a half hour coastal drive away is the
stunning city of Kotor set in the magnificent Bay of Kotor which is
protected by Unesco as a world heritage site. The bustling town of Budva
Old Town is reachable within forty minutes. Ski stations are a three
hour drive. Dubrovnik airport is only 30km from Complex with
international flights coming in from all over Europe and the local
airport at Tivat just 12km away.
Complex consists of: *125 luxury apartments � prices starting at
�135,000 (one & two beds plus penthouses available)
� Landscaped lush gardens with native trees and plants
� Indoor and Outdoor swimming pools (heated throughout winter)
� Gymnasium
� Shop and Restaurant
� Marina access at Kumbor
� Direct walkway to beach
� Car Park
� 24 hour Security in Gated Community
� Lifts to all floors in each block

*P of land = 10677 m2*
*Can build : 10 900 m2 + Suteren 3 100 m2* *= 14 000 m2* /if investitor
have interest, suterens can be more/

*Price:* 4 900 000 �* if conctract be concluded next two - three
weeks. *

Start time of construction after the investor completes projects within
30 days. Or three months of the conclusion of the sale and payment
contract.

Property taxes 3% on the price of � 4,900,000 = � 147,000

Price for project documentation is � 168,000 + revision
Project � 30,000

Price for the construction of the project by the turnkey by the European
quality standards including monitoring and technical acceptance of all facilities
amounts to � 10.3 million plus VAT =

� 12,261,760

The price for the complete project construction permits for all buildings is
: � 1,166,300

Total investment: � 4,900,000 + � 147,000 + � 168,000 + � 30,000 + 12
� 261,760 + � 1,166,300 = � 18,673,060

Project Value: � 36,885,000

The deadline for the construction of this complex: 18 months

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