Crveni Vrh, Istria County

Unique land plot for sale on Crveni Vrh just 200 meters from the beachline!Land is located in close vicinity to Petram and Kempinski 5 star projects which is an added-value of the location.You will spend much less for marketing using Petram and Kempinski vicinity and umbrella advertising.Total surface of land is 5688 sq.m. T2 zoning - land is meant for touristic villas and apartments.It is possible to build villas of 2 levels (P+1), max 7 meters high.Water, electriity, good road available.There is a possibility to buy neighbouring land of 4374 sq.m. For same price approximately. It will give 1, 1 ha of building land in T2 zone.On both land it is possible to construct villas of 270 beds in total, it means max 30 villas.We recommend to build 7-8 luxury 5 star villas on each of land plots.Overall construction costs for 7-8 villa including land plot purchase will be approx. 9 mln euro.Selling price of luxury villas in this area is about 2, 5 mln euro.& nbsp It gives 8, 5-9 mln euro of realization income. Ref: Re-Mar-Crv