PoA

Over a century ago, Montenegrin defenders erected fortresses on islands and rocky points at the mouth of the Bay of Kotorska to protect it from enemy forces in the Adriatic Sea. At the eastern point on the Lustica Peninsula, the historic ruins of the old Bastion are all that remain of the old embattlements. The Arza Cape Resort is located at this natural confluence of turbulence and tranquillity, where historic battles took place in the most picturesque of natural settings. This prominent 11-hectare point is encircled by the stunning beauty of the bay and ocean coastlines and set against the backdrop of a steeply sloping hillside and the dramatic mountains beyond.
One of the most prominent features of the Montenegrin landscape is the highly varied, physical texture of the terrain. On the Bay of Kotorska, there is a natural sense of enclosure at each finger of water that extends into the land. Sheer rock wall faces provide an awe-inspiring backdrop to the rocky shorelines, vibrant blue waters, and quaint, tile-roofed villages below. This richly textured landscape and sense of outdoor enclosure are natural inspirations for the planning and architecture of the Arza Cape Resort. Below is what you are able to build on the Arza Cape Resort.
Here is what you can build on Parcel to make a large 5 Hotel:*
This hotel should represent a specific type of tourist offer, related to enjoyment in high comfort conditions, with various catering facilities and valuable cultural and historical sites located in their immediate vicinity. On the urban plot, there should be open-air restaurants, shops, clubs, children's spaces and similar.
The Gross Build Area on the Parcel (GBA) is 10,078 m² and the foundation of the building is 2,519 m². It’s possible to build 3 levels S+P+2(3) (basement, ground floor, 2 or 3 levels).
The service room (basement) or garage is not included in the GBA.
Here is what you can build to make 5 Villas:*
You can build villas on the second urbanized parcel. How many rooms in the villas there will be is optional, with the recommendation that the rooms be designed bigger and richer, with all the luxurious facilities (sauna, fitness, gym, jacuzzi).
The Gross Build Area per villa on the parcel (GBA) can be 310 m² and the foundation of the building can be 155 m². It’s possible to build 2 levels P+1 (ground floor + 1 level).
The lower level of the villa has a terrace with a swimming pool and is not included in the GBA.
Here is what you can build to make a large Sports and Recreation Centre:
The plan does not define which types of sports will be represented within this purpose, but the choice can be of interest to investors and users of space, as well as of the area of available space. Open swimming pools, tennis courts, basketball, volleyball, mini-football, handball, badminton, mini-golf, and table tennis are possible. It is also possible to have squash, bike riding, running tracks, and swimming pools. In addition to the construction of open terrains, construction of facilities can be located where the following facilities can be located, such as rooms, club rooms, sports equipment store, fitness centre, gym, bowling alley, sports equipment store, but also restaurant, cafeteria, snack bar, and related catering facilities.
There are 3 parcels in total for that area. Two parcels are considered Green Zone which is only meant for parks and playgrounds, the size of the two is 14,814 m².
The Gross Build Area (GBA) on the other parcel where you can build a Sports or Recreation Centre is 2,700 m².
Here is what you can build on the Tower of Arza:
Tower Arza was built at the end of the 19th century. Arza’s ruin requires urgent restoration and other necessary protection measurements. The Arza Tower can become a place for a variety of cultural events, both seasonal and permanent. It can function as a summer scene of guest ensembles, as a place for holding dramatic, musical and literary events, and as a gallery for periodical settings of works by artists.
The Gross Build Area on the parcel (GBA) is 1,455 m² and the foundation of the building is 485 m². It’s possible to build 3 levels P+2 (ground floor + 2 levels).
Here is what you can build on the Arza Beach:
As for the beach, the realization of the proposed solution of the sandy beach surface would increase from the existing 2,920 m² for an additional 5,690 m², which would enable simultaneous stay on the beach for more than 700 customers with a satisfyingly high standard of 8 m² space per customer.
Arza’s Harbour:
Arza’s Resort should also have a harbour constructed. Protective buildings at the western end of the beach should be placed administratively on the coastline so that they can take on the role of the harbour.
Harbour ports are built parts of the coast which provide conditions for berthing of excursion and nautical vessels, i.e. embarkation and unloading of passengers.
The construction of smaller facilities with the accompanying contents necessary for their functioning is permitted with the port. Maximum surface area is 300 m², the floor is P.
Just as there is Porto Montenegro, Lustica Bay, and Porto Novi, this could be a great project to make a new resort and have an excellent investment.
PRICE UPON REQUEST
This land is 23.1 km away from Tivat Airport, 24.9 km away from Kotor Old Town, 26 km away from Porto Montenegro, and 38.4 km away from Budva.
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.

Learn More about living in Lustica: Things to Do and See in Lustica
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.
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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