Sale, land lot, 652m², Central Point, Podgorica

Located in one of Podgorica's most sought-after and rapidly appreciating districts, this property offers a rare opportunity to acquire an urbanized development parcel in the immediate vicinity of Central Point, Big Fashion Shopping Center, The Capital Plaza, City Kvart, and other key commercial and residential landmarks.

The property consists of an urbanized parcel of approximately 652 m² with an existing residential building of approximately 400 m², offering investors, developers, and private buyers multiple value-creation opportunities.

Key Property Features

Prime location adjacent to Central Point and Big Fashion Shopping Center

Urban parcel area: approximately 652 m²

Existing residential building: approximately 400 m²

Residential zoning designation

Maximum Site Coverage Index: 0.40

Maximum Construction Index (FAR): 1.20

Permitted development under current UTU conditions: Ground Floor + 1 Floor + Attic (P+1+M)

Excellent connectivity to major boulevards and city infrastructure

Strong residential and commercial demand in the surrounding area

Strategic Investment Potential

The property's location places it within one of Podgorica's highest-value urban zones, surrounded by modern residential complexes and mixed-use developments. The parcel offers potential for:

Renovation and modernization of the existing building

Reconstruction in accordance with applicable regulations

Development of a new residential project

Long-term land banking in a high-growth district

Boutique residential or luxury housing development

Future Development Considerations

The surrounding area has experienced significant urban expansion, with neighboring developments characterized by higher density and larger construction volumes than those currently permitted under the existing Urban-Technical Conditions.

Accordingly, future investors may wish to evaluate the possibility of seeking revised planning conditions, urban plan amendments, or updated development parameters from the competent authorities. While no guarantees or approvals currently exist for increased building capacity, the character of adjacent developments may support the assessment of future planning opportunities.

Prospective purchasers should conduct independent urban-planning, architectural, and legal due diligence regarding any potential increase in development rights.

Planning & Legal Status

The parcel is covered by issued Urban-Technical Conditions (UTU) and is designated for residential development.

The existing building is currently considered a grey-zone structure, and buyers are encouraged to verify its legal status, legalization possibilities, and redevelopment options through their legal and technical advisors.

Location Advantages

Steps from Big Fashion Shopping Center

Immediate proximity to Central Point

Close to City Kvart and The Capital Plaza

Near schools, universities, restaurants, cafés, and business centers

Excellent rental and resale market potential

One of Podgoric