Land for sale in Herceg Novi

Real Estate, MontenegroUrbanized land for sale in the unique location of Rose, on the Luštica peninsula, Herceg Novi municipality, represents an exceptional opportunity for investors. The plot, with a total area of 61,033 m², offers enormous development potential, of which 55,000 m² is urbanized and has valid urban-technical conditions (UTU). A permit for preparatory works has already been obtained, and the chief state architect has approved the conceptual design for the construction of high-standard facilities, including villas and a 4- or 5-star hotel.The plot has a gross construction area (GCA) of 32,516 m², with the additional advantage of exemption from utility fees for the building permit, as the planned projects are considered to be of higher state interest. Below the plot, towards the sea, there is a strip of state land that can be leased for a minimum of 30 years, further enhancing the appeal of this location.This land not only offers fantastic potential for the development of a luxury tourist complex but also the opportunity to create an exclusive destination at one of the most beautiful points of the Adriatic. A perfect combination of natural beauty, strategic position, and urban readiness makes this offer unique in the Montenegrin real estate market.

Land for sale in Herceg Novi

Other Land property 61,033 m<sup>2</sup> for sale

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