Property Description

Budva, Rezevici – Development land with project for apartments and hotel for sale

Main Features

• 74 stylish apartments in 4 exclusive dwellings of which 18 hotel suites/apartments will be located in a 5 Star boutique hotel which shall be operated by hotel.
• The size of the apartments ranges from 40 sqm for hotel suites to 200 plus sqm for exclusive penthouses with spectacular terraces.
• More than 60% of the units are between 40-65 sqm in size to cater for the most attractive investment market in Montenegro.
• All units have very sizable balconies or terraces to allow visitors to enjoy the unique Mediterranean outdoor lifestyle.
• 10 min drive to Budva, the centre of the Montenegrin Riviera.
• 2 km to exclusive Sveti Stefan.
• Numerous beaches in the vicinity.
• Close to all amenities but still positioned in fairly untouched green environment.
• Stunning views of the Adriatic Sea.
• Around 30 min drive to Tivat airport & Porto Montenegro.
• Around 1 h transfer to Podgorica International airport.

Construction parameters

• Plot area: 10,108 sqm
• Gross built up area: 10,878 sqm
• Net built up area: 9,436 sqm
• Net sellable area: 5,902 sqm

Note

• Draft and main design have been approved and only need to be updated to Eurocode regulation and being audited.
• Construction & start of sales is scheduled to start in autumn 2023. The tender process for the participation construction companies was concluded. A construction period of 18 to 24 months is forecasted.
• The architecture and concept of the development is a modern take on a Montengrin village with a lively plaza in its heart with easy access to all buildings, restaurants & extensive pool area.
• Investors in the residential units will have the opportunity to include their apartments into the hotel rental pool which will provide an attractive investment return, take care of maintenance & still give the owners the chance to use the homes individually.
• Architecture and finishes are of high standard including environmental aspects from photovoltaic system to rainwater collection.
• The majority of the necessary parking spaces are located in two underground garages.
• Due to the significant slope of the site the concept guarantees the majority of the apartments will have uninterrupted sea views.
• The integrated 5 Star boutique hotel with its quality restaurant will provide for all visitors.
• The owners & visitors of the residential units will have the right to use the hotel facilities like gym & spa.