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A unique land area of about 50,000 m2 is for sale in Kamenari, on the first line of the Bay of Kotor.
This is one of the rare sites of this scale in this part of the coast of Montenegro. The site is located on a slope above the coastal road, thanks to which the territory has open panoramic views of the Boka-Kotor and Tivat Bay, a good solar exposure and significant potential for creating a premium residential or tourist project.
According to the provided town planning and investment documentation, the territory provides for the possibility of residential development, including villas and apartments, and the total declared construction potential is up to 22,262 m2 of gross area.
The territory is divided into several zones with different building parameters:
Area A1: building coefficient 0.7, maximum storey P+2 or S+P+1;
Area A2: factor 0.5, maximum number of floors P+1 or S+P;
• zone B: factor 0.5;
• Zone C: coefficient 0.4, mostly low-rise buildings.
The territory also includes an existing traditional stone object, for which the possibility of reconstruction is provided. It can be considered as a villa, restaurant, small boutique hotel or other tourist attraction according to approved documentation.
This combination of a large territory, the first line, panoramic views and the possibility of comprehensive development makes the object especially interesting for the construction of a closed complex of villas, premium apartments, hotel or resort project.
Location is one of the key advantages of the object. According to the investment presentation:
About 10 minutes to Porto Montenegro;
• About 15 minutes to Tivat Airport;
About 15 minutes to Portonovi and One&Only
About 1 hour to Dubrovnik International Airport;
• approximately 2 hours to the ski resorts of Montenegro.
The site is actually located between the two main premium tourist destinations of this part of the coast: Porto Montenegro in Tivat and Portonovi in Herceg Novi.
The cost is 220 euros per m2.
A rare offer for an investor looking for a major site in the Bay of Kotor for a large-scale premium residential or tourist project.