Urban Land in Risan, 5318m2

Unlock the Potential of Urban Land in Risan, Montenegro

Nestled between the rugged mountains and the azure Adriatic Sea, the urban land in Risan is more than just a property; it is an invitation to build dreams and create a legacy. This substantial 5318m² plot not only offers breathtaking vistas but also represents a remarkable opportunity for lucrative investments in one of Europe’s fastest-growing tourist destinations.

Strategic Location in a Developing Area

Risan, with its charming blend of history and natural beauty, is poised for growth. The surrounding area is witnessing significant development, with new hotels, restaurants, and leisure facilities continually enhancing the local infrastructure. Risan’s strategic position on the Bay of Kotor—often referred to as the “jewel of the Adriatic”—ensures that visitors are drawn to its unique offerings. The nearby coastal towns and historic sites add a layer of allure, making this location a desirable destination.

– **Proximity to Essential Amenities**: The plot’s location offers easy access to local markets, healthcare services, and transportation hubs, ensuring convenience for both tourists and residents alike.
– **Rich Cultural Heritage**: Risan is known for its ancient Roman ruins and stunning churches, attracting history buffs and culture enthusiasts, further enhancing the area’s appeal.

Perfect for a Tourist Resort

The zoning regulations in place open up a world of possibilities. Imagine creating a stunning resort that integrates local architecture with modern design, offering an experience that captivates the senses. Picture guests strolling along meandering paths surrounded by vibrant Mediterranean flora, enjoying exquisite local cuisine, and indulging in the tranquility of nature while being just steps away from the beach.

This prime land is not just a canvas for development; it is a gateway to elevate the tourism experience in Risan. Here are some potential features that could transform this plot into a sought-after destination:

– **Luxury Accommodations**: Develop stylish guesthouses or bungalows that prioritize both comfort and sustainability.
– **Recreational Facilities**: Incorporate swimming pools, wellness centers, and outdoor adventure spaces.
– **Community Engagement**: Explore opportunities for workshops or local art displays to connect tourists with Risan’s rich culture.

Investment Potential and Market Growth

Montenegro’s tourism sector is thriving, with increasing numbers of travelers seeking authentic experiences in unspoiled locations. Your investment in this urban land aligns perfectly with market demands, creating a win-win situation. The possibilities for growth are vast, and the potential for establishing a successful rental business is substantial.

Let’s dive deeper into the figures: with the projected construction of pre-fabricated homes at a cost of €599/m², your initial investment will be around €1,860,390. Given the increasing popularity of short-term rentals in this beautiful region, the financial forecast looks promising:

– **Summer Rental Income**: Assuming an average rate of €150 per night and a 60% occupancy rate, the potential annual revenue reaches €32,850.
– **Winter Season Returns**: Even during the quieter months, with a 30% occupancy rate, you could still achieve an annual revenue of €16,425.

ROI Calculation: A Bright Future Ahead

By combining summer and winter revenues, the total annual income amounts to €49,275. Calculating the return on investment using the formula (Annual Revenue / Investment) x 100 yields an impressive ROI of 2.65%.

This is merely the beginning; as you develop your project and the area continues to grow, your investment could appreciate significantly over time, ensuring a rewarding future.

Conclusion: Your Opportunity Awaits

Investing in urban land in Risan is more than just a financial decision; it is a step toward becoming part of a flourishing community in Montenegro. With its stunning landscapes, rich cultural tapestry, and promising market conditions, this plot offers a remarkable chance to create something extraordinary. Seize the opportunity to turn this vision into reality and contribute to the vibrant tapestry of Risan’s future.