A unique plot of land with an 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 plot is located on a slope above the coastal road, thanks to which the area has open panoramic views of Boka Kotor and Tivat Bay, good solar exposure and significant potential for creating a premium residential or tourist project.
According to the provided urban 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 development parameters:zone A1: building factor 0.7, maximum number of storeys P+2 or S+P+1;
zone A2: coefficient 0.5, maximum number of storeys P+1 or S+P;
zone B: coefficient 0.5;
zone C: coefficient 0.4, predominantly low-rise buildings.
The site also includes an existing traditional stone structure, which is subject to the possibility of refurbishment. It can be considered for a villa, restaurant, small boutique hotel or other tourist facility in accordance with the approved documentation.
This combination of a large territory, first line, panoramic views and the possibility of integrated development makes the property especially interesting for the construction of a gated complex of villas, premium apartments, a hotel or resort project.
Location is one of the key advantages of the property. 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 located actually 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 € per m².
A rare offer for an investor looking for a large site in the Bay of Kotor for the implementation of a large-scale premium residential or tourism project.
ID: 93797
