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Waterside Development - Outline Planning Permission Herceg Novi, Montenegro

€245,000
ntRealty, Tivat
PROPERTY TYPE

Plot

SIZE

6,674 sq ft

620 sq m

Key features

  • Front Line
  • Sea Views
  • Ideal Renovation Project
  • Excellent Investment Opportunity
  • Close to the Airport
  • Buyers Commission Free

Description

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 difficult times, a prime location like this will sell for EUR 2-3k m2 (EUR 2000 for average build quality and a pessimistic view on sales, EUR 3000 a more realistic view but built to a luxury standard as a villa or luxury apartments). It's 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. Our sister company ntDesign.me is available to give you ideas of pricing and designs.

ntRealty is a Real Estate Agency based in Tivat, Montenegro headed by British businessman, Peter Flynn, who has lived in the area since 2005 and focused his efforts in various aspects of real estate, including development, architecture, interior design and investing in real estate in the area. The Tivat office is run by a team of professionals who really understand the local market. The team is there to help guide you through the buying (or selling) process and we pride ourselves in giving a high level of service in a polite, friendly and efficient way.

ntRealty specializes in properties for sale all around the Bay of Kotor, Tivat Bay and Lustica and our clients range from Porto Montenegro and Lustica Bay to hundreds of private individuals who put their trust in our operation.

Waterside Development - Outline Planning Permission Herceg Novi, Montenegro

NEAREST AIRPORTS

Distances are straight line measurements
  • Tivat(International)
    11.3 miles
  • Podgorica(International)
    40.5 miles

About the agent

ntRealty, Tivat

Tivat

ntRealty, Tivat

We are a Real Estate Agency based in Tivat, Montenegro. Run by a team of professionals, who really understand the Montenegrin property market. We have properties for sale all around the Bay of Kotor, Tivat Bay and Lustica. We have apartments, houses, villas ruins and land for sale.

If you are looking to buy, we already have a number of properties for sale with us which aren't listed. Please let us know your requirements and we will add you to our data base so that we can help you find w

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Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by ntRealty, Tivat (reference 0014) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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