An exceptional development opportunity is offered for urgent sale in Risan, located in the Bay of Kotor, one of Montenegro’s most prestigious and protected coastal regions (UNESCO zone). Key Project Highlights: Total land area: approx. 13,000 m² Elevated hillside position at approx. 65 m above sea level Open panoramic views of the sea and Bay of Kotor Approx. 7-minute walk to the sea Full infrastructure available (road access, electricity, water, sewage nearby) Legal & Planning Status: UTU conditions issued Building permit obtained All communal and development fees fully paid Clear title – no liens, mortgages, or loans Development Concept (Phase 1): 9 residential buildings 55 apartments Designed for premium residential / tourist market Ideal for luxury apartments, aparthotel, or mixed-use residential project Transaction Structure: The seller is flexible and open to: Asset deal Company (share) deal Joint Venture (JV) with development partner Investment Rationale: Rare large-scale development plot in the Bay of Kotor Fully permitted project significantly reduces time-to-market Strong demand for residential and tourist real estate in Risan / Kotor Bay Suitable for international developers, private equity, or strategic investors Price: 💰 €5,500,000 (minimum price)⚠️ Urgent sale Why is this development project in Risan considered a strong investment? It is considered a strong investment because it is a rare large-scale development plot in the Bay of Kotor, fully permitted which reduces time-to-market, in high demand for residential and tourist real estate in the area, and suitable for international developers, private equity, or strategic investors. What transaction options are available for purchasing this development site? The seller is flexible and open to different transaction structures, including an asset deal, a company (share) deal, or a joint venture with a development partner. What is the proposed development concept for this project? The development concept plans for nine residential buildings comprising 55 apartments, designed for the premium residential and tourist market, suitable for luxury apartments, an aparthotel, or a mixed-use residential project. What is the legal and planning status of the land in Risan? The land in Risan has all necessary approvals including UTU conditions and a building permit, with all communal and development fees fully paid, and a clear title with no liens, mortgages, or loans. What are the key features of the development opportunity in Risan? The development opportunity in Risan spans approximately 13,000 square meters on an elevated hillside at about 65 meters above sea level, offering open panoramic views of the sea and Bay of Kotor, with full infrastructure including road access, electricity, water, and sewage nearby, just a seven-minute walk from the sea.
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