Realitica classifieds

Seize the Opportunity: Prime Land for Sale in Melinje

Type: Land For Sale
District: Herceg Novi
Location: Meljine
Price: €1.250.000
Land Area: 6.984 m²

Description: In a picturesque corner of Montenegro, right opposite the entrance to the Boka Bay, in the tourist village of Melinje, between the cultural and historical center of Boka - the town of Herceg Novi, and the luxurious complex of PORTONOVI, we are offering an urbanized plot for sale, covering an area of 6,984 m².

The plot is located 900 meters away from the sea, which translates to a leisurely 15-minute walk with a slight elevation gain of up to 97 meters above sea level. Within 900 meters from the plot lies the 5-star LAZURE MARINA & HOTEL complex.

This location is unique in terms of accessibility for foreign tourists and property owners since nearby airports include Tivat (21 km), Podgorica (106 km), and Dubrovnik (30 km), which have excellent air connections to all European countries. The location also offers a developed tourist infrastructure for the most discerning clients. Thanks to its proximity to the LAZURE MARINA & HOTEL and PORTONOVI complexes, the investment potential of the property is very high.

The 6,984 m² plot consists of 8 cadastral parcels located along each other's borders, of which 607 m² is the "road" area between 3 upper and 3 lower parcels. According to the Urbanistic-Technical Conditions (UTU) available since 2013, the building coefficient was 0.8, allowing for a construction area of approximately 4,800 m² and a residential area of about 4,000 m². This provides the opportunity to build a closed-type, upscale club settlement on the plot, which is relevant for the target audience of this region - families with children and retirees.

The plot also has three points of contact with the municipal road of the Melinje village, ensuring easy access to each of the six facilities that can be implemented on it.

Price: 1,250,000 Euros

Legal support for the transaction is included in the price.

A project for the construction of 6 villas has been prepared for the plot. Upon confirmation of the buyer's interest and the agreement of the parties on the conditions for the development of a more detailed legal and financial-economic model, detailed calculations and the project's economics will be provided.