ID: 0145 Arrow Kotor, Muo Front Line Plot for Redevelopment of Luxury Apartments or Bespoke Villa For Sale

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Front Line Plot with existing building for sale with Urban Planning Terms suggesting a redevelopment over 3 levels will be allowable.

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Views from the back of the plot over Kotor Bay

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Views from the front of the plot towards Kotor Old Town

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View from the Punta showing the width of the plot from the lamp post to the end of the house.

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Current layout with a subterranean garage. Planning regulations suggest that you may have to redevelop using the existing foot print.

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Garden area to the side of the existing house.

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View from the back of the existing house showing views from the first level.

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Current covered courtyard.

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Curb side view of the plot and existing house.

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One of 2 rooms at the front of the house leading on to a large terrace.

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2nd room at the front of the house with double doors leading on to the terrace.

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Bedroom number 1

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Space where the kitchen used to be

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bathroom.

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Wide hallway.

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Description

Kotor, Muo Front Line Plot for Redevelopment of Luxury Apartments or Bespoke Villa For Sale

Rarely can you find a plot ripe for redevelopment in such a prime location at a ready to sell price. This plot is 625m2 and comes with house (125m2 including terraces with garage 40m2) which can either be remodeled, extended or perhaps removed to make way for a larger, purpose built complex of luxury apartments or a bespoke villa.

You can see from the video that you are right next to the water and there could even be a possibility of making your own jetty in front of your development. With views over Kotor Old Town (which looks amazing at night when the walls that zigzag their way up the mountain are lit up) and its surrounding mountains, there are very few plots that can equal it for location and outstanding views.
Update: Current permissions given in Urban Technical Conditions, July 2015 state that the building can be extended by 30%. This could possibly be increased in the next Detailed Urban Plan, but it not anticipated that this could take several years before it is finalized.

Take a look at the YouTube video of the property below.

Click here if You can't see the You Tube screen

If you would like to find out more please contact us today:

Email: sales@ntRealty.me

Web: www.ntRealty.me

Tivat Office: +382 (0)32 662 424

Mobile (En): +382 (0)67 268 805

Mobile (En, Mne): +382 (0)67 286 525

UK Calls: +44 (0)203 286 424

Skype 1: newterritory4u

Skype 2: ntrealty4u

Location
Muo - Opposite the citidela of Kotor Old Town and right next to the sea.
Property Location
TownMuo
CountryMontenegro
Map
 € 299.000
PDF  Print  Email
Category: Land - Ruins
Type: For Sale
Total viewings : 4500

Property Data

Living Space: 125.00 m²
Rooms: 4
Bedrooms: 2
WC/Baths: 1.00
Property Size: 625.00 m²

Financial Information

Price:  € 299.000 

Equipment Details

2 Bedroom
1 Bathroom
Balcony
Terrace
Garden
Garage
Sea View
Front Line
Close to Airport
Close to Bars/Restaurants
Ideal Renovation Project
Excellent Investment
Agent Details
Contact Image
Name : ntRealty.me
City : Kotor
Country : Montenegro

Phone:+382 (0)32 333424
Mobile: +382 (0)67 268805
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