Property Description

Herceg Novi, Center – Construction land for a mixed-use development for sale

This attractive location for business and residential development is located in the most prominent part of Herceg Novi, on the Adriatic highway, just 500m from Old town Herceg Novi. The plot is surrounded by traditional Mediterranean vegetation and close to the promenade.

Development data:

• Plot area: 2.157 m²
• Built-up area: circa  ​​8,000 m²
• Floors: 2S + P + 6 (two underground floors, ground floor + 6 )
• 46 residential units with total area: 3,317 sqm (72 sqm average unit size)

The planning documents are prepared; all approvals for obtaining a building permit are provided.

Garage construction

In addition to the plan for the construction of a business-residential building, the defined spatial plan envisages the construction and parking for 170 lots.

The nearby most visited places bring a great advantage to the location and the project itself when it comes to the problem of Herceg Novi, which is a lack of parking, especially in the summer. According to the latest survey, Herceg Novi lacks 6,000 parking spaces, and this location is almost perfect for such a purpose. Underground floors in Montenegro are not calculated in the development area, i.e. the investor doesn’t pay to the state communal fees for underground areas.