Urbanized land – Herceg Novi

This attractive consolidated urbanized land in a protected enviromental unit, at an exclusive location in herceg Novi, is for sale. This property representes an exceptional investment opportunity for the development of mixed-use purposes with high urban planning parameters.

Basic land information

• Total plot area: 4849 m² (seven cadastral plots, KO Herceg Novi, LN 29)
• Location: Western Suburb, Herceg Novi, Montenegro
• Planned use: Mixed-use
• Maximum number of floors: up to 8 floors
• Ownership structure: Single owner, no encumberance
• Protected enviromental unit: UNESCO surroundings

Location advantages

• Located in the protected enviromental unit of Zapadno podgrađe, the administrative, cultural, and tourist center of Herceg Novi.
• Immediate proximity to the Old Town, the city promenade, and the Bay of Kotor (UNESCO)
• Planned development aimed at revitalizing the center through tourist, cultural, hospitality, and commercial facilities.
• Access to roadways, green areas, and a planned public garage in the zone.

Development potential and urban planning parameters

• Building index (Floor Area Ratio): 2.5
• Occupancy index (Site Coverage): 0.6
• Maximum number of floors: up to 8 floors
• Minimum urban plot: 700 m²
• Maximum gross building area (BGP) of the building: up to 1,800 m²
• Commercial use allowed on the ground floor and first floor, with compatibility with residential facilities

Reference market values

• First-line sea location, premium market segment

This is prospective land with a planned mixed-use purpose and urban planning parameters that enable quality development of multi-story residential-commercial buildings.

This is an exceptional investment opportunity at an attractive and strategically significant location in the UNESCO zone.

PUZ: 324

Herceg Novi Price: On request