Montenegro Family Aqua Resort
For more info please dowload the pdf brochure (pages 4-6).
LOCATION: The site is located in the south coastal area of Montenegro, 5km from the sea, 10min from Ulcinj Town, 1h from Podgorica and Tivat international airports.
PLANNING PERMISION PARAMETARS: Serviced-apartments resort with amenities, leisure and recreation facilities compromising of 53 Mediterranean style bungalow-villas of neto 230m2 each, totaling 12.190 m2 of residential area. Sale is subject to Planning Permission obtainable within 60 days
RICS valuation by SHM Smith Hodgkinson valued land 2.77M €
Expected return on total investment over 60%
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The site is located in the south coastal area of Montenegro, 4km from the sea and famous 13km long sandy Grand Beach (Velika Plaza), 10min from Ulcinj town, 1h from Podgorica and Tivat international airports. It is close to nature marvels of river Bojana, Ada Bojana holm, Salt Plant Lake and National Park of Lake Skadar.
The Ulcinj area has the greatest tourist development potential in Montenegro today, with planned new tourist town on Grand Beach, new airport and other supporting amenities like the golf course project.
Tender for development of high end tourist resort on Grand Beach has been announced in March ‘08 by the government of Montenegro, supported by EBRD.
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The site of 58.973m2 is planned for development of high-end serviced apartments with ancillary amenities.
The Planning Permission for a serviced–apartments resort consists of 55 Mediterranean bungalow style duplex villas-apartments of 150 m2 each with private gardens in front and shared swimming pools at the back..
The leisure and recreation facilities area will cover the rest of the site and will include mini golf, football, basketball and volleyball courts, children play garden, swimming pool, spa and wellness centre, etc. Management and administration offices, reception, shops, restaurant, café, and other amenities will be housed in buildings around this communal area.
The sale is subject to receiving Planning Permission, obtainable within 60 days, which subsequently gives way to construction. Proposed Planning Permission parameters can be modified to suit the investor.
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Useful links:Why to invest in Montenegro
Why to invest in Ulcinj
View CEED research on Real Estate Market in Montenegro
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