Plot of land for sale with planning permit, Lustica

, Montenegro [ref: 3006]

€ 323,000
(£ 281,010)

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Property Details

Location: Zanjice

Region:

Type:

Size: 3.800sq m

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Property Description

A plot of land located on a vantage point with stunning views above the beaches of Zanjice and Mirista and over-looking the mouth of the Bay of Kotor, Mamula Island and Prevlaka (Croatia). The land is in the Detailed Urban Plan (DUP) with drawn objects, which rapidly reduces the time from investment to build. The plot is North-West facing and is benefiting from an average 240 days of sunshine, sea views and all year round sunsets. Allowed building density (as per DUP Rovanac, Municipality of Herceg Novi) is 80% of the urban
parcels. The plot has clean title and the owner is in a position to complete a sale within a reasonable timescale.
Already in place:
• Planning permission (communal charges paid) and foundations completed for the first two 3 bedroom villas with pool in total of 314 sqm (157sqm each);
• Planning permission (communal charges paid) in place for a 370 sqm apartment complex containing up to 5 apartments or one large 7 bedroom villa;
• A further 1441 sq m is left on the plot to use in the future for building, to bring the plot up to the 80% build density allocated for planning permission;
• Guaranteed electricity connection with its own substation; This is the first development in this area to install its own electric sub station (at great expense to the owners) For this reason this development has a huge advantage over others for sale in this area. It has taken the owner over 1 year to get this in place and will save any buyer and enormous amount of time and money.

The property is located in a stunning location on the increasingly popular Lustica Peninsula. A beautiful area, characterized by award winning beaches, small villages, rich cultural heritage and unspoiled countryside. The property is only a few minutes walk to the nearest beach and crystal clear waters of the Adriatic sea. Other attractions close by include Cape Arza, Mamula island ad the famous Blue Lagoon cave. The location is only a twenty five minute drive from Tivat airport and just over an hour drive from Dubrovnik. Lustica is already attracting international investors offering luxury marinas, golf courses and hotels.

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