Kotor Bay – Muo, Front Line Plot for Redevelopment of Luxury Apartments or Bespoke Villa for Sale

Description

Kotor Bay – Muo, Front Line Plot for Redevelopment of Luxury Apartments or Bespoke Villa For Sale

This plot has a space of 625m2 and comes with a house of 125 m2 (including terraces with garage of 40m2) which can either be remodeled, extended or perhaps removed to make a space for a larger built complex of luxury apartments or a bespoke villa.
It is rare to find a plot ripe for redevelopment in such a prime location and this selling price.

You can see that you are right next to the water and there is a possibility of making your own jetty in front of your development. With view over Kotor Old Town (which looks amazing at night when the walls that zigzag their way up the mountain are lit up) and the surrounding mountains.

There are very few plots that can have the same location and outstanding view such as this one.

Update: Current permissions given in Urban Technical Conditions, July 2015, states that the building can be extended by 30%, this could possibly be increased in the next Detailed Urban Plan, but it is not for sure becuase this could take several years before it is finalized.

Property Data:

Living Space: 125 m²

Plot Space: 625 m²

Financial Information:

Selling price 299.000 euro

Equipment Details:

Sea Views

Front Line

Excellent Investment