Budva, Crvena Glavica – Land for villa complex project on the seafront with construction permits near Sveti Stefan

This land is definitely one of the best on the Budva Riviera, and it can be said in the entire Montenegro coastline. According to the planning permission, maximum of 14 villas can be built. There is a possibility of merging plots, that is, reducing the number of buildings and increasing the area of ​​individual areas of villas.

The owner is selling a complete land complex, but there is a possibility of buying separate urban plots.

General Data:

• Area of ​​cadastral parcels: 13,249 sqm
• Area of ​​urban plots: 12,317 sqm
• Plots intended for the road: 732 sqm
• Plots intended for greenery: 145 sqm
• Gross development area (GDA): 6,158 sqm
• GDA with underground floors: 8,621 sqm
• The footprint of buildings: 2,463 sqm
• Floors: GF + 2
• Occupancy index: 0,2
• Development index: 0,5

The land consists of several urban plots, which are located on the first, second, and third lines to the sea. Thanks to the slope of the terrain, most of the plots have a sea view. For a number of urban plots, a project of villas was done, utilities paid and building permits obtained.  A total of EUR 410,000 was paid into the utility bill.

We single out 3 individual urban plots on each sea line:

• UP 1 (first line to the sea)

Plot Area: 6,018 sqm
GDA: 3,009 sqm (without underground floors)
Max. number of objects: 6
GDA per object: 501 sqm

• UP2 (second line to the sea)

Plot area: 1,193 sqm
GDA: 598 sqm (without underground floors)
Number of objects: 1

• UP 3 (third line to the sea)

Plot Area: 524 sqm
GDA: 262 sqm (without underground floors)
Number of objects: 1