project "Orašac Villas"

Orašac

• PROJECT DESCRIPTION:
  
• Land plots 71 i 72, all in Orašac area
• Land plot 71, Orašac, size 1888 m2, outside the construction zone with the utilization coefficient 0,25
• Land plot 72, Orašac, size 3546 m2, within the construction with the utilization coeficent 1,25. The access to the plots is from the local public road
• The land is located in the area called Orašac,15 km away from the City of Dubrovnik
• The surface area thereof totals to 5434m2
• The current value of the property is in the amount to €1.000.000,00
• Since the location of the property is at very attractive location, just 15 km from Dubrovnik, but in peaceful area sourrounded with beautiful scenery, the plan is to use it for construction of luxury villas with swimming pools (there are no facilities as such build in the area) Upon checking of all project documentation and information, the Management will come up with a decision on further project development.
• Management is currently studying two possible exit strategies, firstly to dispose the entire project or to continue with the project and complete the development of luxury villas with swimming pools.