Unique investment offer: a plot of land in Igalo — price 1,500,000 euros
Plot description
A unique plot of land for sale on the first line of the sea in the picturesque Igalo district, Herceg Novi community. This site represents an excellent investment opportunity for the construction of tourist facilities, including hotels and wellness complexes.
Site Characteristics:
Total area: 3,639 m2 (consists of two parts: 2,184 m2 and 1,455 m2)
Price: 1,500,000 euros
Location:
From the Institute of Dr. Simo Milosevic — about 670 m
From Nivitsa — about 1,000 m
From the traffic light in Herceg Novi - about 2,000 m
From the old town in Herceg Novi - about 2,800 m
To the sea — about 5 m
Purpose: land for the construction of tourist facilities
Access: via Dr. Street Svetozar Zhivoinovich
Communications: water and electricity are supplied
Urban planning parameters:
Maximum employment index: 0.36
Maximum building index: 0.97
Maximum allowable number of floors: P+2
Maximum BRGP: 2400 m2
Investment potential
This site has a high investment attractiveness due to its location on the first line from the sea and the possibility of building facilities for recreational and tourist tourism. Currently, the site is used as a parking lot, which also adds value in the context of future development.
According to the state assessment conducted on 08/15/2021, the cost of 1 m2 of land was 421.00 euros, which means a total cost of 1,533,000.00 euros. The plot is being sold at a price below the estimated value, which makes this offer especially beneficial for investors.
Amenities and surroundings
Igalo is famous for its mineral springs and is a popular health resort. There are many cafes, restaurants and beaches on the territory, which attracts tourists all year round. Due to the temperate Mediterranean climate, this region is ideal for recreation, both in summer and winter.
This is a unique opportunity for those who are looking for real estate investments in Montenegro. Contact us for more information and to arrange a viewing of the site.
