Land Ulcinj, Montenegro

Ulcinj, Pinjes – Land with planning for hotel complex near the sea for sale   Location characteristics and features:  The total area of ​​the urban plot is 42,500 sqm, of which the company owns 24,299 sqm. The rest is the government’s land.  The land is intended for the construction of a hotel.  The total area of ​​the tourist complex is 46,935 sqm, with a maximum height of 16 floors.  The location where the hotel is planned is located along the coast. The hotel has its own beach and marina with 30 berths.  Only 500 meters from the main town square.  The potential buyer has the right to change the architectural solution submitted, in accordance with the Urban and technical conditions (UTU). On this location, it used to be was a hotel with a total area of ​​11,160.20 sqm, as well as 5 villas with an area of ​​1,643.70 sqm. This hotel complex was demolished. Incentive measures for the construction and operation of 5-star hotel facilities are reflected in the following:  Exemption from the payment of VAT for the delivery of products and services for the construction and furnishing of hotels,  Exemption from the payment of VAT on imports of products and services for the construction and equipping of hotels,  Application of a lower VAT rate of 7% on hotel accommodation and catering services,  Low-profit tax rate of 9%.  By the decision of the Government, the future investor with the construction of a 4 or 5-star hotel complex has the benefit of being exempt from utility fees. Distances:  Podgorica Airport 71km  Tivat Airport 85km Current concept design from the seller envisions:  Accommodation facilities – 17,944 sqm  5-star hotel with 360 rooms; 763 beds  double rooms, junior and executive suites (mostly with sea view)  royal and presidential suites Catering capacity  6 restaurants, lounge bar + 2 bars (in the hotel)  disco and casino  2 restaurants and beach bar (out of the hotel) Parking space – 6,769 sqm   hotel parking – underground garage (174 lots)  hotel parking- external (44 lots). Congress centre and other hotel facilities Congress Center – 2,754 sqm 3 small meeting rooms 2 large conference rooms for a maximum of 800 participants 1 multifunctional and 1 small conference room Other facilities – 1,479 sqm  the tennis court – 1,800 sqm 10 shops and offices down the street – 860 sqm hotel beach and beach facilities – 1,497 sqm marina with 30 berths.