Land Krstac, Montenegro

Property Description Budva, Blizikuce – Development land plot for sale   Superb land for hotel/residential development with all approvals and permits for sale. Main Features 74 stylish apartments in 4 exclusive dwellings of which 18 hotel suites/apartments will be located in a 5 Star boutique hotel which shall be operated by hotel. The size of the apartments ranges from 40 sqm for hotel suites to 200 plus sqm for exclusive penthouses with spectacular terraces. More than 60% of the units are between 40-65 sqm in size to cater for the most attractive investment market in Montenegro. All units have very sizable balconies or terraces to allow visitors to enjoy the unique Mediterranean outdoor lifestyle. 10 min drive to Budva, the centre of the Montenegrin Riviera. 2 km to exclusive Sveti Stefan. Numerous beaches in the vicinity. Close to all amenities but still positioned in fairly untouched green environment. Stunning views of the Adriatic Sea. Around 30 min drive to Tivat airport & Porto Montenegro. Around 1 h transfer to Podgorica International airport. Construction parameters Plot area: 10,108 sqm Gross built up area: 10,878 sqm Net built up area: 9,436 sqm Net sellable area: 5,902 sqm Note Draft and main design have been approved and only need to be updated to Eurocode regulation and being audited. Construction & start of sales is scheduled to start in autumn 2023. The tender process for the participation construction companies was concluded. A construction period of 18 to 24 months is forecasted. The architecture and concept of the development is a modern take on a Montengrin village with a lively plaza in its heart with easy access to all buildings, restaurants & extensive pool area. Investors in the residential units will have the opportunity to include their apartments into the hotel rental pool which will provide an attractive investment return, take care of maintenance & still give the owners the chance to use the homes individually. Architecture and finishes are of high standard including environmental aspects from photovoltaic system to rainwater collection. The majority of the necessary parking spaces are located in two underground garages. Due to the significant slope of the site the concept guarantees the majority of the apartments will have uninterrupted sea views. The integrated 5 Star boutique hotel with its quality restaurant will provide for all visitors. The owners & visitors of the residential units will have the right to use the hotel facilities like gym & spa.