Property Description

Budva, Rezevici – Urbanized land for the construction of a hotel and a villa for sale

The plot is located in the settlement Krstac, cadastral municipality Rezevici I, near the restaurant Casa Mia. There is a paved road to the lot, all connections are in the immediate vicinity.

Area: 2,527 sqm, price 260 EUR per sqm = 657,000 EUR.

The upper part of the plot is intended for the construction of a hotel:

• Floor area: 1,427 sqm
• Occupancy (footprint area): 500 sqm
• Built-up area (GDA): 1,750 sqm
• Storey: B+GF+2

The lower part of the plot intended for the construction of a villa:

• Floor area: 1,100 sqm
• Occupancy (footprint area): 170 sqm
• Built-up area (GDA): 510 sqm
• Storey: GF+2

If the plots are purchased individually, the price is 280 EUR per sqm

There are projects for both buildings that can be purchased with lots. A building permit (which has since expired) was obtained for these projects, which can be renewed through an accelerated procedure.

In the immediate vicinity of the plot, the elite complex Smokva bay is being built. There are two roads leading to the plot (below and above the plot, and the location offers an unobstructed, permanent view of the sea.