Land For Sale, Luštica, Herceg Novi, €6.145.000
Type: Land For Sale
District: Herceg Novi
Location: Luštica
Price: €6.145.000
Description (Croatian): Lot 2319
Description
Lustica peninsula. Investment project for the construction of luxury villas in the Volchya Bay.
The project provides for the presence of a 60 meter marina, a restaurant and a sandy beach 250 meters wide, a large olive grove with an area of 100,000 sq.m.
The land for the olive grove is taken on a long-term lease from the state.
Building plot area 26717 sq.m.
The area of each villa is 600 sq.m.
Each villa has a swimming pool, summer kitchen, guest house and service center.
The permission of the Municipality of Herceg Novi has been received for the construction of one villa of 2000m2, and in this format, it is possible to build 12-13 villas, however, we believe that this reduces the potential sale price of these objects, and we propose to build 5-6 such villas.
The price for one square meter of land is 230 euros, the total cost of the entire land is 6,144,910 euros....
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