Lustica Development Land For Sale with Views over Zanjice
€295,000
Peter Flynn
Features
Explore in 3D
Guided Video Tour
Description
Lustica is fast becoming the hottest property spot in Montenegro. This plot of land is not only in a location of outstanding natural beauty, but has the rare distinction that it is within a small area of land that is urbanized.
On offer
A plot of land with stunning views above the beaches of Zanjice and Mirista and overlooking the mouth of the Bay of Kotor, Mamula Island, and Prevlaka (Croatia).
The land is in the Detailed Urban Plan (DUP "Rovanac"). Allowed building density (as per DUP Rovanac, Municipality of Herceg Novi) is 80% of the urban parcels. The plot is North-West facing and is benefiting from an average of 240 days of sunshine. The plot has a clean title and sales completion can be done within a short timescale.
The Plot:
Size of the plot: 3830 m2
Sea views
Already in place:
Valid planning permission (communal charges paid) and foundations completed for the first two 3-bedroom villas in a total of 314 sqm (157 sqm each);
Planning permission (communal charges paid) in place for a 370 sqm apartment complex containing up to 5 apartments or one large 7-bedroom villa; Additional object (per current urban planning) on the rest of the plot of 200m2 + auxiliary object of 200m2.
Another alternative: as confirmed by the planning department, five objects of up to 250m2 can be built on the plot. This can be verified independently. On 3 parcels, the allowed building area is 250m2 on each parcel. On the two remaining parcels allowed building area is 200m2 on each parcel + auxiliary building of 200m2 on each parcel (one level).
Guaranteed electricity connection with its own substation.
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.
Map
Neighbourhood Guide
Explore Lustica
Learn More about living in Lustica: Things to Do and See in Lustica
Frequently Asked Questions
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.
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.
Similar Properties
Get Montenegro real estate updates directly in your inbox.
Are you interested in buying a home? Look no further than working with our real estate experts.