Sale, land lot, 3768m², Markovići, Budva

This urbanized land plot in the Markovići neighborhood, above Budva, offers three things rarely found together: an open view of Budva Bay, a large permitted construction, and a clean title deed.

Why this is an opportunity for an investor

• View of Budva Bay and the Adriatic Sea, which is paid at a higher price per square meter of each apartment

• Up to 4,570 m² GFA on a land plot of 3,387.82 m², floor count up to 5 above-ground levels

• Mixed use: residential, tourism and hospitality, commercial facilities, sports and recreation. You can build apartments, a boutique hotel or a combination

• Price of 680,000 € means approximately 180 € per m² of land plot and approximately 150 € per m² of permitted GFA, which is an initial cost that an investor can easily factor into the project

• 1/1 Ownership, registered in the cadastre, without encumbrances and restrictions

Existing building as additional value

On the land plot are the remains of an authentic old stone building with an area of 590 m², registered in the cadastre without encumbrances. Stone and traditional architecture are a great asset in tourism today. You can reconstruct them and incorporate them into a new project as a reception, restaurant, or a representative part of the complex.

Access and connectivity

• Two independent access roads, which facilitates phased construction and logistics, and later separates guests from services

• Approximately 500 m from the routes of the planned high-speed road and Budva bypass, which can additionally enhance the value of the location in the long term

Who this property is for

• Developers who build residential complexes or luxury apartments

• Hoteliers and tourism investors for a boutique hotel or apart-hotel with panoramic views

• Investors who are looking for land in Crna Gora before the country's expected entry into the EU