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An exceptional investment project on a hillside in Risan, Boka Bay of Kotor, Montenegro, with panoramic sea views and fully prepared documentation for the implementation of residential or resort development.
This is a structured investment opportunity with a high degree of readiness for implementation in one of the most promising areas of the Bay of Kotor.
Location.
• Total area of the plot: 13,000 m2.
• About 65 meters above sea level.
• 7 minutes walk to the sea.
• Panoramic view of the Bay of Kotor.
• All necessary infrastructure is in close proximity.
• A quiet, elevated position with a comfortable entrance.
Documentation and legal status
• Pure ownership - without encumbrances and credits.
• UTU (Urbanistic and Technical Specifications)
• A building permit was obtained (for the first phase).
• Utility fees are paid (for Phase 1).
• Approved by UNESCO (Phase 1).
All land is intended for residential construction.
Project structure:
The site is divided into three separate projects, which allows you to implement the development in stages or structure the transaction in a flexible manner.
Project 1 – Risan (fully prepared phase)
• Construction permit for 9 buildings.
• Only 55 apartments.
• Approved by UNESCO.
• Only utility payments are required.
This phase is a ready-to-launch project of low-rise elite residential / resort development.
Project 2 - Risan
Land with UTU.
• Capitcent 1.
Project 3 - Risan
• Land with a building permit.
• There is no approval from UNESCO.
Transaction formats – flexible structure:
The owner is open to various options for cooperation:
1. Full sale of land together with the company (sale of SPV shares).
2. Attracting a strategic partner with a share of up to 50%.
3. Direct sale of the asset.
4. Joint Venture (Joint Venture)
5. Consideration of exchange for an equivalent asset (apartments or hotel complex in another location).
The flexibility of the format allows the investor to optimize the structure of the transaction in terms of capital and tax planning.
Investment attractiveness
The project represents a rare opportunity to enter the development market in the Bay of Kotor with:
• prepared documentation;
• partially approved by UNESCO;
• a clear legal structure;
• the possibility of phased implementation;
High potential for capital growth in the medium and long term.
Risan is actively developing as part of the Bay of Kotor, with a growing tourist flow, infrastructure development and increased demand for quality housing and resort real estate.
To receive a master plan, financial model of the project or discuss a partnership, contact us directly.