Realitica classifieds

Excellent investment plot for sale in Lustica, Montenegro

Type: Residential Lot For Sale
District: Tivat
Location: Radovići
Price: €28.000
Land Area: 275 m²
From Shore (m): 1000

Description: On sale by the owner, an investment plot with the possibility of building a three-story house in Montenegro's Lustica peninsula! This is one of the very few plots in the area that is registered for “mixed use”, i.e., in which building can be used both for business and residential purposes.
This plot of land has the rare distinction that it is within a small area of land in Lustica Peninsula that is urbanised. Thus, the land is registered in the Detailed Urban Plan (DUP "Radovici"). The plot has a clean title, and sales completion can be done within a short timescale.
The plot is located in one of the hottest property markets in Montenegro, in the centre of the Lustica Peninsula. With newly developing billion-dollar luxury resorts of Lustica Bay (www.lusticabay.com) and Plavi Horizonti (Blue Horizons – www), coupled with coastlines to both the beautiful Kotor Bay and the Adriatic sea. Being only 10 minutes by car from the Tivat International Airport (and Dubrovnik and Podgorica airports within a 1.5hour drive) does not hurt as well, nor does enjoying 240 of yearly sunshine.
The plot is located at the outskirts of the town of Radovici, with its numerous bars and eateries along with a great choice of supermarkets and other amenities. Tivat and Kotor are 30 drive by car, Budva is at 45 minutes, Herceg-Novi at 1.15h, Podgorica at 1.5 hours, and Dubrovnik at around 2h. A little further down the road (about 10 min walking distance), there is the beautiful beach, surrounded by mature Pines, Plavi Horizonti. This sandy beach is a firm favourite of locals and visitors alike. A ten-minute walk to the other side of the peninsula would allow you to enjoy the beaches of Kotor bay, with the view of Montenegrin mountains in the background. A short ride in the car would get you to numerous other beaches in Lustica Peninsular, including Zanjice, Miriste, Krasici, Rose, Bigova, etc.
This is an opportunity to own the investment plot before the jump in prices with the upcoming completion of Lustica Bay's next phases – Centrale, golf course, and other projects (e.g., two new 5-star hotels in the complex). Lustica Bay's Centrale will be a full-scale newbuilt luxury resort town, adjunct to the town of Radovici, 3 minutes' walk from the plot. Centrale will be host to a range of shops, boutiques, restaurants, bars, galleries, entertainment and public facilities. This new district, currently under construction, is set to become Lustica Bay's town centre and a flourishing residential neighbourhood. Lustica Bay's golf course will be a full 18-hole golf course, the first of its kind in Montenegro. The plot is located just 5 min walking distance from the outskirts of the golf terrain. These developments will allow the owner of this property to enjoy all the world-class amenities at his or her doorstep. Multi-million-euro villas in the neighbourhood attest to that!