Montenegro, Budva, Dubovica, building plot, Joint Venture

Description

Located in Budva, Montenegro, the urbanized building plot in Dubovica spans an impressive 1,890 square meters. With its prime location, this plot offers an excellent opportunity for development. The proposed building design consists of five floors above the ground, including a ground floor and four additional floors.

The total gross developed area is estimated at 2,700 square meters, showcasing the potential for a substantial building project. This development opportunity is ideal for a joint venture between the landowner and an investor.

Under the terms of the joint venture, the landowner will retain 25% ownership of the built structure. Meanwhile, the investor will be entitled to 75% ownership. This arrangement ensures a fair distribution of assets and fosters a mutually beneficial partnership between the two parties.

Given the growing popularity of Budva as a tourist destination, investing in this project offers significant potential for returns. Budva is renowned for its beautiful beaches, historical sites, and vibrant nightlife, attracting a large number of visitors each year.

The combination of a desirable location, substantial plot size, and a joint venture model ensures that the development in Dubovica is a promising investment opportunity. With a total gross developed area of 2,700 square meters, this project presents a chance to create a remarkable building that will contribute to the urban landscape of Budva.