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Waterside Plot with Outline Planning Permission, Sutorina-Herceg Novi For Sale €250,000

Waterside Plot with Outline Planning Permission, Sutorina-Herceg Novi For Sale €250,000

As the river mouth joins the Bay in Herceg Novi there is a great little plot of land which has a 1 story building on and is ideal for a small development for a Villa, Boutique Hotel or Luxury apartment. Outline planning permission has been given...
Sutorina Herceg Novi Montenegro Europe

As the river mouth joins the Bay in Herceg Novi there is a great little plot of land which has a 1 story building on and is ideal for a small development for a Villa, Boutique Hotel or Luxury apartment. Outline planning permission has been given and the the plot is in the Detailed Urban Plan for Herceg Novi.
Permissions suggest that on this plot of 620 m2 a build density of 80% is allowed on 3 levels,  therefore a building of  close to 500m2 could be erected. Even in these more dificult times, a prime location like this will sell for €2-3k m2 (€2k for average build quality and a pessimistic view on sales, €3k a more realistic view but built to a luxury standard as a villa or luxury apartments). It's fairly easy to do the maths and see that this is a developers or self builders dream. Plots in this type of location come on the market seldomly.  Our sister company ntDesign.me is avalaible to give you ideas of pricing and designs.
 
Take a look at the video walkthrough of the plot.

Take a look at the video walkthrough of the plot.