1. PROJECT TITLE

RECONSTRUCTION OF THE STRATEGIC LOCATION OF THE FORMER POLICE STATION – IVO ANDRICA M5 VIŠEGRAD

2. SECTOR

Not defined, at the investor’s choice (e.g. any of the following):

  • Wholesale and retail trade
  • Support for tourism and transit
3. LOCATION

Municipality of Višegrad, cadastral municipality Višegrad 1, plot no. 1059/1
Total area: 1012 m² (261 m² existing facilities “Other non-economic facilities”, 751 m² vacant construction land next to the facility)
Directly on the M-5 highway (main route through Višegrad, with heavy traffic of local residents, tourists and transit vehicles to/from Sarajevo – Rogatica – Višegrad – border with Serbia).

4. BRIEF PROJECT DESCRIPTION

Brownfield/greenfield location 100% owned by the Municipality of Višegrad, ideal for the construction of a large supermarket, with parking, direct access from the M-70 highway. The project combines daily trade for the local population with seasonal tourist traffic (Andrićgrad, Drina, Banja), offering a wide range – perfect for a chain store (Tropic, Bingo, Mercator or a new entry).

5. PROJECT DETAILS

5.1. WHAT TYPE OF PROJECT IT IS?

Brownfield (adaptation of existing buildings of 261 m² for the initial phase – warehouse/retail space) + greenfield (extension on 751 m² of free land for the main retail space, parking and access roads)

5.2. PROJECT STATUS

Business idea / investment location offer phase.

  • 100% ownership of the Municipality of Višegrad (transparent sale through public bidding or direct transfer)
  • Plot registered in the real estate cadastre (Uniform Records)
  • Possibility of quick issuance of a building permit
  • Conceptual design, feasibility study and main design – done by the investor after purchase

5.3. REASON TO INVEST IN PROJECT

  • Exceptional visibility and traffic on the M-70: direct access from the highway → high vehicle frequency (local population + tourists + transit to the Serbian border), which ensures a constant flow of customers and a quick return on investment
  • Growing tourist traffic in Višegrad: Andrićgrad, Drina, Banja and cultural events attract hundreds of thousands of visitors annually (mostly from Serbia, Bosnia and Herzegovina, the region) – lack of a large modern store for everyday needs
  • Low competition in modern retail: there are smaller markets, but no large supermarket on the highway → potential for dominance in the segment (high margin from tourists + loyalty of the local population)
  • Quick start and low costs: existing facilities allow for phased implementation (first adaptation, then expansion); 100% municipal ownership → no complicated property relations
  • Local resources: available labor
  • Support and incentives: the Municipality and the Republika Srpska support trade and employment (grants, discounts on fees, other programs)
6. PROJECT FINANCING

6.1. ESTIMATED PROJECT VALUE IN EURO

The following estimates are purely informative. More information can be obtained from the Department of Spatial Planning and Housing and Communal Affairs of the Municipality of Višegrad.

  • Purchase of a plot of land + adaptation of the existing one: €120,000–300,000
  • Extension of a supermarket (sales space, equipment, cold storage, parking): €330,000–1,000,000

6.2. PLANNED SOURCES OF FINANCING

  • Fully funded by a private investor
  • Possible: public-private partnership with the Municipality of Višegrad (infrastructure support, discounts) or bank loans + RS grants for employment and trade development

6.3. INPUTS BY LOCAL PARTNER

  • Sale/transfer of 100% ownership of the plot (Municipality of Višegrad)
  • Support in issuing location conditions, building permits and connections (electricity, water, sewage)
  • Coordination with local suppliers and the Tourist Organization

6.4. INPUTS BY INVESTOR

  • Funding for purchase, adaptation, expansion, equipment, supplies and marketing
  • Project management, recruitment, range development
  • Operationalisation and promotion (including tourist focus)
7. HAS PHYSICAL LOCATION FOR PROJECT IMPLEMENTATION BEEN IDENTIFIED
  • Precise location: plot 1059/1, KO Višegrad 1, Municipality of Višegrad – directly on the M-70 highway, Iva Andrića Street
  • Planning document: real estate cadastre (Uniform Records); regulatory/spatial plan of the Municipality of Višegrad
  • Property status: 100% ownership of the Municipality of Višegrad (1/1) – sale by public auction or direct transfer
  • Level of supporting infrastructure: direct access from M-70 (high visibility and traffic); electricity, water and sewage available in the zone
8. HAVE THE ACTIVITIES ON PROJECT IMPLEMENTATION ALREADY STARTED

No – except for the preparatory phase.

  • The plot is vacant, registered and available for sale
  • No permits have been issued for the specific facility (expected after purchase and submission of investor application)
  • The location is in the offer phase for investors in the trade sector
9. PROJECT APPLICANT AND CONTACT INFORMATION

Municipality of Višegrad
Address: Andrićgrad bb, 73240 Višegrad
Phone: +387 (0)58 620 586
E-mail: nacvgd@teol.net
https://opstinavisegrad.com/kategorija/nekretnine-opstine-visegrad/