Building Land for Sale in Zagora

Explore the Investment Potential of Building Land in Zagora

Owning a piece of land in Zagora, Kotor is like possessing a ticket to a bright future. This prime building land, set against a backdrop of stunning natural beauty, isn’t just a parcel for construction; it is an opportunity for your aspirations and investments to flourish. The enchanting village offers a blend of tradition, modern living, and stunning vistas that will surely captivate both residents and visitors alike.

Surrounding Development and Amenities

The property is strategically located near essential amenities that enhance its attractiveness. The vibrancy of Zagora is complemented by a host of nearby developments:

– **Carevic Farm**: A local gem just a stone’s throw away, known for its fresh produce and authentic Montenegrin experiences, appealing to both tourists and locals alike.
– **Golf Course**: A recent addition to the landscape, this facility attracts golf enthusiasts, enhancing the region’s appeal for investment in recreational properties.
– **Cultural Heritage**: The area is rich in history and tradition, with various cultural sites and local festivals that draw visitors year-round.

With accessibility via well-maintained roads and proximity to popular attractions, the allure of this property is clear. It’s not just about having a piece of land; it’s about being part of a thriving community that cherishes its culture while gradually embracing modern amenities.

Investment Opportunity with Impressive ROI

Investing in building land in Zagora presents a unique opportunity for those looking to benefit from Montenegro’s growing tourism sector and real estate market. The area’s potential for appreciation is significant, making this investment particularly appealing.

The construction of two homes on this land, each designed to embrace the breathtaking surroundings, aligns perfectly with current market demands. Imagine the charm of a Montenegrin retreat, beautifully designed and equipped with modern comforts, ultimately positioned to captivate seasonal tourists.

Financial Viability

When examining the financial prospects, consider the following:

– **Initial Investment**: 215 000€ for the land.
– **Construction Costs**: Approximately 1 350 000€ for both homes, calculated at 599€/m² for 2 homes of 1,500 m² each.

Now, let’s break down the rental potential:

– **Average Summer Rental**: 150€ per night.
– **Occupancy Rate**: 60%, a reasonable expectation given the appealing location.

This could yield a remarkable annual income of around 109 500€ from both homes. After covering operational costs, an estimated net income of 60 000€ annually comes into play.

ROI Analysis

With the total investment hovering around 1 350 000€ and a net income of 60 000€, the return on investment becomes quite clear. Over the long term, this results in an impressive ROI of approximately 4.44%.

Conclusion: A Golden Opportunity Awaits

In essence, this building land in Zagora is not merely a plot for development; it represents a golden opportunity for prospective investors. With stunning views, surrounding development, and substantial income potential, investing in this parcel may very well lead to both personal satisfaction and financial success. Don’t let this chance slip away; the beauty of Zagora is waiting to be transformed into your dream investment!