This unique property in Budva, located near Kuća Hemije and Popa Jola Zeca street, offers an excellent investment opportunity, combining residential and commercial potential. The apartment has 42 m² and comes with a spacious courtyard of 153 m². Construction works have already started in the courtyard, with foundations laid for a building according to the DUPO-M plan. The planned structure has a base of 60 m² and is intended for residential and commercial use on two levels, with a total area of 116 m². Conveniently located next to the street, the construction site is only half a meter to a meter from the sidewalk, providing excellent visibility and easy access.
Urban-technical conditions (UT conditions) for the property were obtained several years ago and are expected to remain valid, which facilitates the process of future construction and development. Currently, on the foundations, there is a wooden canopy 3 meters high with full roof insulation. With a modest investment, this space could be enclosed and converted into a temporary commercial building of 60 m².
The property includes several cadastral parcels (1707/2, 1707/1, 1707/5, 1707/6, 1707/9), all free from encumbrances or restrictions, thus ensuring a smooth transaction. The apartment has a bedroom, a living room with a kitchen and dining area, providing comfortable living space within a highly desirable location in Budva.
This property represents a versatile opportunity, whether you want to complete the planned development or utilize the existing apartment and large courtyard. Do not miss the opportunity to invest in a prime location with significant potential. Contact us today for more information or to arrange a viewing.
Note: This calculation is for informational purposes only. Actual loan terms may vary depending on the bank, credit rating, and other factors. Please consult your bank for exact conditions.
Average prices of apartments - Budva
Budva
Montenegro
This property's price is 153.78% higher than the average price of a studio apartment in Budva
Average price: 3447.81 €/m²
This property is 40.08% smaller then the average size of a studio apartment in Budva
Average size: 70 m²
3,448 €
Average annual price
+6%
Price trend (annually)
738
Days on the market
Regulatory information
Agency (intermediary)
Baza Properties
Registration number
-
Location
Crna Gora , Budva
Area
42m²
Structure
Unknown
Property Type
Apartment
This information is mandatory under the Law on Mediation in the Sale and Lease of Real Estate of Montenegro. All intermediaries must be registered in the Register of Intermediaries maintained by the competent ministry.