Prodaja, plac, 13000m², Risan, Kotor

PRIME DEVELOPMENT LAND | BAY OF KOTOR | €5,200,000

Risan, Bay of Kotor — 12,941 m² | Building Permit Obtained | UNESCO Approved | Panoramic Sea Views

One of the rarest development opportunities on the Adriatic coast. A fully permitted, UNESCO-approved residential development project in Risan, Bay of Kotor — one of Montenegro's most sought-after and protected destinations.

THE LAND

Total area of 12,941 m² of urbanized hillside land, situated approximately 65 meters above sea level with unobstructed panoramic views over the Bay of Kotor. A 7-minute walk to the sea. Full infrastructure available in the immediate vicinity. Clean title — no liens, no mortgages.

THE PROJECT

Phase 1 — approved and permit-ready — envisions 9 residential buildings with 55 premium apartments, designed as a low-density resort-style residential complex. Full documentation package includes:

• Urban Technical Conditions (UTU) — issued

• Building Permit — obtained and fees paid

• UNESCO Cultural Heritage Zone approval — obtained

• Complete architectural and main project documentation

• Bank feasibility study

• Infrastructure connection plans

Phases 2 and 3 bring the total development potential to approximately 125 units across the full site.

Obtaining a building permit in the UNESCO-protected Bay of Kotor is an extraordinarily difficult and time-consuming process. This project has already cleared every regulatory hurdle — years of work that cannot simply be replicated. A new buyer steps in with everything ready and can begin construction immediately.

Comparable developments in the immediate area are selling finished units at €10,000+ per m², making the economics of this project exceptionally attractive.

DEAL STRUCTURE

The seller is open to multiple transaction structures:

• Full asset sale

• Company (share) sale

• Joint venture / development partnership

• Combination deal (land for apartments or other assets)

Asking Price: €5,200,000

Serious inquiries welcome. NDA and full Data Room available upon request.