Land on Lustica peninsula, Montenegro, 61 033 m²

Real estate, Montenegro

An urbanized plot of land for sale in a unique location — Rosa, on the Lustica peninsula, Herceg Novi municipality, represents an exceptional opportunity for investors. The plot with a total area of 61,033 m2 has a huge potential for development, of which 55,000 m2 are urbanized and have existing urban planning and technical conditions (GTU). Permission has already been received for preparatory work, and the chief state architect has approved a conceptual design for the construction of high-standard facilities, including villas and a 4 or 5 star hotel.

The site has a gross construction area (BSP) of 32,516 m2, and an additional advantage is the exemption from payment of utility fees for obtaining a construction permit, since planned projects are considered objects of high state interest. Under the plot, closer to the sea, there is a strip of state land that can be rented for at least 30 years, which further increases the attractiveness of this location.

This land provides not only fantastic opportunities for the development of a luxury tourist complex, but also a chance to create an exclusive location in one of the most beautiful points of the Adriatic. The perfect combination of natural beauty, strategic location and readiness for development makes this offer unique in the real estate market of Montenegro.