Commercial Real Estate for Sale and Investment in Zlatibor

A commercial real estate development construction company is planning to start building a condo hotel in a well-known tourist place. - We are land owners 1/1 with construction permit and are ready for earth works. - The building will have the following facilities: 10 floors over ground surface, approx. 85 apartments (which can be sold independently to individual customers, in advance), reception, restaurant, lounge bar, swimming pool, full spa & wellness, conference room, garages, sport courts in front and all other amenities for 4 or 5 star hotel. - Built up of each facilities are: 1. Apartments (~86) with terraces 3.500 m2 (from studios, 2-room apartments to luxury duplex penthouses) 2. Reception, lounge bar and multifunctional spaces 350 m2 + outside terrace 200 m2. 3. Full spa on two levels 700 m2 with 120+ m2 swimming pool, 5 saunas, massage etc. 4. Restaurant (rooftop) 510 m2. 5. Conference room (rooftop) on gallery of restaurant ~250+ m2. 6. Underground garage parking spaces 83+ Possible project enlargement three times. - Municipality has provided us with land in front of the hotel and terrace for 2-3 tennis courts, a volleyball/basketball/small football court or similar and using the renovated hall (1000m2) for all kinds of indoor sports. - Projected revenue for the first year is EUR 2.75 million and EUR 5.35 million for the sixth year.