1. PROJECT TITLE

GREENFIELD INVESTMENT – CITY BUILDING LAND 451 M² – GARČA VIŠEGRAD

2. SECTOR

Not defined, at the investor’s choice

3. LOCATION

Municipality of Višegrad, Garča Settlement
Area: 451 m² (city construction land)
Right holder: Municipality of Višegrad (1/1 – 100% municipal ownership)

4. BRIEF PROJECT DESCRIPTION

Greenfield location with 451 m² of urban construction land owned by the Municipality of Višegrad, ideal for the construction of a small commercial-tourist facility or for another purpose at the investor’s request. The location in the Višegrad 2 administrative district allows for quick implementation due to the proximity of tourist attractions (Andrićgrad, Drina, Old Bridge, Spa) and transit traffic, with the potential for a combination of local population and seasonal tourism.

5. PROJECT DETAILS

5.1. WHAT TYPE OF PROJECT IT IS?

Greenfield (vacant urban building land without existing buildings, ready for new construction)

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 as city construction land
  • Possibility of quick issuance of location conditions and building permit
  • Conceptual design, feasibility study and main design – done by the investor after purchase

5.3. REASON TO INVEST IN PROJECT

  • Tourist boom in Višegrad: proximity to Andrićgrad (over 300,000 visitors per year), Drina, Spa, monasteries and cultural events → growing number of tourists from Serbia, the region and the diaspora,
  • Low entry costs and fast ROI: 100% municipal ownership → direct purchase without complications; small plot of land 451 m² sufficient for a small facility
  • Strategic location: Municipality of Višegrad 2 → good accessibility, visibility, combination of local population (~10,000 in the municipality) and seasonal traffic
  • Low competition
  • Local resources: available workforce,
  • Incentives: republic grants for employment and rural development, projects of international donors
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

150,000 – 450,000 € (depending on the volume and number of floors)

  • Purchase of the plot + location conditions/permits: 40,000–100,000 €
  • Construction of the building (ground floor + 1–2 floors): 110,000–350,000 € (including equipment, interior, parking)

6.2. PLANNED SOURCES OF FINANCING

  • Fully private financing by investors (100%)
  • Possible: grants/incentives from the RS for small business, tourism and employment (Employment Bureau, Ministry of Economy) or bank loans

6.3. INPUTS BY LOCAL PARTNER

  • Sale/transfer of ownership of the site (100% municipal ownership – transparent purchase)
  • Support in administrative procedures (local government/Development Agency)
  • Possible assistance with connections and permits

6.4. INPUTS BY INVESTOR

  • Financing for land purchase, construction and equipment
  • Project management and implementation
  • Employment and business development
7. HAS PHYSICAL LOCATION FOR PROJECT IMPLEMENTATION BEEN IDENTIFIED
  • Precise location: Garča settlement, Višegrad
  • K.O. Višegrad 2: cp 858/47, registered in LN number: 151
  • Property owner: Municipality of Višegrad in part 1/1
  • Level of supporting infrastructure: access roads, electricity, water, sewage available
8. HAVE THE ACTIVITIES ON PROJECT IMPLEMENTATION ALREADY STARTED

No – except for the preparatory phase. The plot is vacant, registered and available for sale. There are no permits issued for a specific project (expected after purchase and investor request). The location is in the offer phase for investors.

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/