Island Hvar (nord)

Investment Opportunity – Development Land with Existing Houses

IRR: 20.73%
Investment Year: 2026
Exit: 2029

Property Description:
For sale is a land parcel with a total surface area of 136,162 m² located within a mixed zoning area, offering strong development potential.

• Residential Construction Zone (6,950 m²):
  • Within this area, there are two existing houses:
    • Larger house: ground floor + first floor, footprint 76 m²
    • Smaller house: single-storey, footprint 25 m²
  • Minimum parcel size for residential construction: 500 m²
  • Maximum buildable area: 30% of the parcel surface
• Agricultural Zone (PG, 129,212 m²):
  • Possibility to construct objects up to 400 m² for every 30,000 m² of land.

Key Advantages:

• Land within the construction zone of the settlement – no need to prepare an Urban Development Plan (UPU).
• Combination of buildable residential land and agricultural land, suitable for both residential and tourism-oriented projects.
• Exit strategy calculated with an IRR of 20.73% over a 3-year horizon (2026–2029).

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