Type: Land For Sale District: Herceg Novi Location: Luštica Price: €20.000.000 Land Area: 171.796 m2 Waterfront
Description: Plots for sale by the sea in a picturesque place in Montenegro on the Lustica peninsula for 20 000 000 EUR.
All communications are connected to the plots: road, water, electricity, city sewerage.
Ideal for building houses, villas, hotels.
The plots are located 35 minutes from Tivat airport, 40 minutes from Kotor and an hour's drive from Budva.
Urbanization:
Territories for building T1 or T2 - tourist areas.
T1 is for the hotels and villas: 70% hotels, 30% villas.
The area fill factor is 0.3 and the building factor is 0.8. This means that a base of 100 square meters cannot be larger than 30 square meters and cannot have more than 80 square meters of total building area (multi-storey).
T2 is tourist complexes and tourist resorts - condominiums and villas - 30% hotels and 70% villas.
The area occupancy rate is 0.25, and the building factor is 0.7.
Total area of the plots is 172 066 m2, UTU covers 69 110 m2.
Price for 1 m² - €116
Cadastral numbers:
1348,1350,1419,1349,1418,1416,1382/1,1389,1415,
1324,1329,1351,1391,1392,1393,1394,1395,1408,1323,
1325,1330,1347,1396,1397,1398,1399,1400,1401,1402,
1403,1404,1405,1406,1407,1409,1410,1411,1412,1413,
1357,1358,1359,1360,1352,1383/1.1386/1.1384,1390,
1417,1387,1388
Price of a ready-made company with all specified plots is 18 000 000 EUR.
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