Waterside development land for sale in Sutorina, Herceg Novi, Montenegro

Description

Waterside development land for sale in Sutorina, Herceg Novi, Montenegro

As the river mouth joins the Bay in Herceg Novi there is a great little plot of land which has a 1 story building on and is ideal for a small development for a Villa, Boutique Hotel or Luxury apartment.

Outline planning permission has been given and the the plot is in the Detailed Urban Plan for Herceg Novi.

Permissions suggest that on this plot of 620 m2 a build density of 80% is allowed on 3 levels, therefore a building of close to 500m2 could be erected.

Even in these more dificult times, a prime location like this will sell for €2-3k m2 (€2k for average build quality and a pessimistic view on sales, €3k a more realistic view but built to a luxury standard as a villa or luxury apartments).

It is fairly easy to do the maths and see that this is a developers or self builders dream.

Plots in this type of location come on the market
seldomly.

Property Data
Living Space: 345,00m²
Financial Information
Sale price 250.000 euro
Equipment Details
Sea View
Front Line
Close to Airport
Excellent Investment