Property Description

Budva, Komosevina – Land for real estate investment project in prime location

This land plot for residential/tourist housing development is located in the Komosevina-Mogren area, on the upper part of the Spas Mountain southern slope above the Mogren beaches and the Budva-Tivat highway.

Breathtaking panoramic views of the Budva Riviera, picturesque beaches, the city, and the ancient Austro-Hungarian fortress Mogren.

An existing road connects to the upper part of the plot. By the planning document there will be a new road connecting Adriatic highway with the future development.

Development indicators

• The site consists of 12 urban parcels and is included in the State Location Study (planning document).
• Purpose of the site – tourism T2
• Floors: (GF+2)
• Total area of urban parcels: 9,536 sqm
• Total development area: 5,772 sqm (GDA)
• Total development area with underground floor: 8,156 sqm
• Footprint: 2,384 sqm
• Geological studies have been completed.

Price: 150 EUR / sqm