Investment Opportunity in Rezevici

Development land with the approval from the State architect, great location with open sea views.

Land area: 10,180 m2

Total buildable gross area: 10,878 m2

Total net area: 9,436 m2

Total net sellable: 5,902 m2

No. of apartments: 74

No. of garage places: 81

74 stylish apartments in 4 exclusive dwellings of which 18 hotel suites/apartments will be located in a 5 Star boutique hotel.

The apartments range from 40 sqm for hotel suites to 200+ m2 for exclusive penthouses with spectacular terraces.

More than 60% of the units are between 40-65 m2 in size to cater to Montenegro’s most attractive investment market.

All units have very sizeable balconies or terraces to allow visitors to enjoy the unique Mediterranean outdoor lifestyle.

The plot size is 10,180 m2 of which only 25% will be covered by buildings to preserve the beautiful nature this part of the coast is known for and loved by visitors and investors.

The draft and main design have been approved and only need to be updated to Eurocode regulations and be audited.

The tender process for the participation of construction companies was concluded. A construction period of 18 to 24 months is forecasted.

On this asking price of €2,500,000 for 0 m², transfer tax comes to €142,000 — an effective 5.7%. Since 2024 the rate is progressive rather than a flat 3%, so it is worth calculating on the actual figure rather than assuming.