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Plot for Sale in Lustica

€221,500

Bed
Bath
4,554
Available
Peter Flynn

Peter Flynn

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Description

Lustica is fast becoming the hottest property spot in Montenegro. This plot of land is a location of outstanding natural beauty, with stunning views above the beaches of Zanjice and Mirista and overlooking the mouth of the Bay of Kotor, Mamula Island and Fort Arza. Located next to the road, it is 400m, as the crow flies, from the sea. The land consists of two cadastre parcels with a total size of 4554 m2. There is UTU's from the 2019 year for the larger parcel (3149 m2) where it is noted that it is possible to build under specific conditions respecting the rules for building in the agricultural zone.

As this is in an Agricultural Zone, it is possible to build a residential building on two levels with a maximum GBA up to 100 sqm and one or more ancillary facilities for own economic needs on two levels (up to 400 m2 on the ground level and/or up to 1000 m2 of the basement level).
As there are currently no UTU's for the additional plot of 1406 sqm, because there is no provided access to this plot except through the plot of 3149 m2 with UTU's, the seller gives this plot for free.

Next to the plot is a contemporary villa under construction which takes advantage of this incredible vantage point.

ntRealty is a Real Estate Agency based in Tivat, Montenegro, headed by British businessman Peter Flynn, who has lived in the area since 2005 and focused his efforts in various aspects of real estate, including development, architecture, interior design, and investing in real estate in the area. The Tivat office is run by a team of professionals who really understand the local market. The team is there to help guide you through the buying (or selling) process, and we pride ourselves on giving a high level of service in a polite, friendly, and efficient way.

ntRealty specializes in properties for sale all around the Bay of Kotor, Tivat Bay, and Lustica, and our clients range from Porto Montenegro and Lustica Bay to hundreds of private individuals who put their trust in our operation.

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Lustica

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Frequently Asked Questions

What should I know about rental agreements?

Rental agreements in Montenegro are legally binding contracts that outline the terms and conditions of the rental arrangement. It is important to ensure that the agreement includes key details such as the rental amount, payment schedule, duration of the lease, and responsibilities of both the landlord and tenant.

Additionally, it is advisable to clarify any rules regarding pets, maintenance, and termination of the lease. If you have any questions or concerns, it is wise to consult with a legal expert to ensure that your rights are protected.

What are the advantages of buying property in Montenegro?

Buying property in Montenegro offers several advantages. The country boasts stunning natural beauty, a favorable climate, and a growing economy, making it an attractive destination for both living and investment. Additionally, property prices in Montenegro are generally lower than in many Western European countries, providing excellent value for money.

Furthermore, Montenegro has a straightforward property purchase process for foreigners, and the potential for rental income from tourism is significant. Overall, investing in Montenegrin real estate can be a rewarding opportunity.

Disclaimer: Purchase Costs & Information Accuracy

All costs associated with the purchase, including notary fees, real estate transfer tax (if applicable), and any legal fees, are the sole responsibility of the buyer. ntRealty bears no responsibility for the correctness of the information published here, which is based exclusively upon details provided to us by the property owner(s). ntRealty has no obligation to update, modify, or amend this listing or to notify a reader if any information, including urbanistic or cadastral data, subsequently becomes inaccurate. All listings are subject to prior sale. Agency Commission: No agency commission is charged to the buyer. The agency fee is paid by the seller.

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