Project: Hotel and Resort - Bar, Montenegro

Dobra Voda, Montenegro
Asking Price: On Request
Real Estate Details
Listed on Sep 10, 2023

The parcel is located on the Montenegrin coast, with a surface of 312.352 m2, out of which we own 2/3 of the aliquote part (208.234 square meters), and the other 1/3 of the aliquote part belongs to The Republic of Montenegro (104.117 square meters). The length of the coast that You will be acquiring is approximately more than ½ km. The benefits of the above-mentioned parcel are:

Water supply: the vicinity of the regional water supply, which deals with the problem of drinking water of high quality;

Electricity supply: The electricity is conducted to the neighboring parcel of the former quarry (the voltage is 10/0,4 kV);

Two ways to access the parcel;

Neighbourhood: A yacht marina and other hotel and condo complexes will be built nearby;

Co-ownership with The Republic of Montenegro: Considering that the state is interested in selling, acquiring all the necessary papers regarding the potential building would be much easier.

Regarding the ownership, there are no limitations or mortgages on the above-mentioned parcel.

The urban plan envisages construction for touristic purposes, and the ratio between hotel and apartment buildings can be modified based on projects and requests of the potential investor.

In case You are interested in buying, during Your stay in Bar, we will organize a meeting with the Mayor of Bar, during which we can answer all of Your potential questions regarding the parcel.

The price upon request.

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Financials (USD)

Net Operating Income (Annual) Not Disclosed

Asking Price Not Disclosed

Converted From EUR

Exchange Rate $1.17

Cap Rate Available On Request

Additional Details

Building Area 208234.00 Square Meters

Deal Terms

Broker Co-Op? Available On Request

Seller Financing Available? Available On Request

Seller Willing To Lease? Available On Request

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