Type: Land For Sale District: Korčula Location: Korčula Price: €230.000 Land Area: 940 m2
Description: KO1678 - Building land for sale Korcula, perched directly above a charming public beach. Although the plot of approx. 940m2 currently includes a small single-story house of 45m2, the true value lies in the land’s potential for redevelopment. Thus, it should be viewed as an investment project that would utilize the available land to its full potential.
The existing house has essential infrastructure (water and electricity) but has not been legalized and requires removal. Keeping this in mind, along with the fact that the plot can accommodate a considerably larger real estate, the best course of action would be to design and build an entirely new residence, that would take full advantage of the space and surroundings. According to the local spatial plan, the new owner is authorised to construct a detached family residence with up to 3 above-ground floors, with the possibility of adding a basement. Aside from the main building, the plot can accommodate auxiliary and commercial buildings that, when combined with the main building would form an architectural and functional unit. The plot also benefits from a favourable construction coefficient (kig) of up to 0....
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