Excellent Building Plot in Herceg Novi

Unlocking the Potential of Herceg Novi’s Prime Territory

As you venture into the thriving real estate market of Herceg Novi, you will uncover a jewel nestled within the picturesque landscapes of Montenegro. This exceptional building plot boasts a substantial area of 1,677 m² and is strategically located in the desirable Sutorina area, only 100 meters from the main highway. At an inviting price of 132 000€, this property is not merely a piece of land; it is a canvas for your dreams and ambitions as an investor.

A Gateway to Limitless Possibilities

The ample size of this plot opens the door to various development opportunities. Here are just a few examples of what you might create:

– **Residential Complexes:** Given the rising demand for quality housing, constructing modern apartments can attract both local residents and foreign buyers seeking vacation homes.
– **Commercial Properties:** With the growing influx of tourists, establishing a boutique hotel, restaurant, or retail space could cater to this booming market seamlessly.
– **Mixed-Use Developments:** Combining residential and commercial spaces allows for a diversified portfolio, maximizing rental income and enhancing community engagement.

The land’s flat terrain simplifies construction, reducing initial groundwork costs and expediting project timelines.

Infrastructure That Supports Growth

One of the significant advantages of this property is the comprehensive utility access—water, electricity, and sewage are readily available. This advantage significantly lowers the barriers to entry for development and increases the attractiveness of the site for potential tenants or buyers.

Imagine the comforts of modern living or delightful dining experiences awaiting customers in your future establishment, all made possible by the essential infrastructure surrounding this plot.

A Thriving Community Rich in Culture

Herceg Novi is renowned for its enchanting Mediterranean charm, offering a blend of stunning landscapes, historical architecture, and a vibrant local culture. Investors will find that the community is increasingly drawing attention, not just for its scenery but also for its rich offerings. Points of interest nearby include:

– **Beaches:** With pristine Adriatic beaches just minutes away, your development would appeal to both residents and seasonal tourists.
– **Cultural Festivals:** Local festivals celebrating music, dance, and culinary traditions showcase the city’s lively spirit and hospitality, drawing visitors year-round.
– **Historic Landmarks:** Museums and forts narrate the fascinating history of the region, attracting history buffs and casual tourists alike.

As the demand for real estate in Herceg Novi continues to surge, these attractions act as magnets for investments, ensuring your project remains in high demand.

Calculating Your Returns on Investment

Investing in real estate is not just about passion; it’s also a calculated journey into financial opportunities. The projected returns you can achieve through this plot are quite inviting. With a prefabricated home costing approximately 59 900€ (based on 599€/m²), you could turn this land into a lucrative rental source.

Consider the rental scenario: if you lease a 100 m² home with summer rents averaging 1 200€/month and winter rents at 600€/month, your annual income could soar to 18 000€.

Given your investment of 59 900€, this sets your ROI at an impressive 30%, which signifies not only profitability but also a secure foothold in the market as it continues to flourish.

Embrace the Future of Herceg Novi

Seize the moment and unlock the potential of Herceg Novi—your future awaits!