Description
Prime location development plot for investment project - Budva, Center
One of the best development plot for investment project on the coast of Montenegro.
This location has it all – central location, in the vicinity of Old town buzz and Budva centre, or hidden small-pebble beaches such as Mogren, surrounded by vast greenery and with the cleanest seawater. Talking of Budva, this is probably in top three locations in the whole Riviera for a hotel or mixed-use development on the coast.
The terrain is elevated and rocky with slope, which enables a spectacular view of the sea and Budva’s surrounding. The plot has direct access to the sandy beach Mogren.
Planning documentation is approved – Detailed urban plan ‘’Budva Center’’.
Direct vicinity of beaches, Old town Budva, restaurants, bars, and promenades.
Due to tourism expansion in Montenegro, especially in Budva, demand for attractive tourist settlements is constantly present.
- The location has ideal investment potential given the pace of the country's tourism development and demand for real estate in the coastal zone. The concept design done by the seller consists of the hotel with annexes, villas, apartments and auxiliary commercial areas.
|
|
Land Area |
Total Area |
Phase 1 |
Apartments |
2.388 |
7.500 |
Phase 2 |
Apartments |
636 |
3.968 |
Phase 3 |
Apartments |
878 |
5.156 |
Phase 4 |
Hotel |
956 |
8.735 |
Phase 5 |
Condo Apartments |
1.208 |
9.320 |
|
TOTAL |
6.066 |
34.679 |
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