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Urbanized land plot in Topla, Herceg Novi, Montenegro

Location Herceg Novi
Unit ID 18313
Land Area m2 450 m2
Deal Type Sale
Price 68 000 €
Distance to sea (m) 950

Urbanized land plot located in the Topla district, Herceg Novi, 950 m away from the sea coast, at the foot of the beautiful mountain range called Orien. Within 15 min walk there are retail stores, markets, bakeries, tennis courts, beauty shops, restaurants and cafés, and one of the best beaches in Herceg Novi – the Rafaello beach. It’s an ideal place for investment into property development both for personal use and for rental activities.

 

The plot lies on the slope of the mountain oriented towards south-east. On the neighboring land plots building construction is not allowed, they are classified as “green areas”.

 

Total land area in the cadaster is 1846 m2. It is divided on three land plots with 450 m2, 501 m2 and 764 m2, each of them is sold separately. It is also possible to merge the adjacent plots.

 

The land is connected to all utilities: centralized water supply, electricity, road, sewage system. The plot has an easy access from the wide municipal road; at the same time, it located 50 m away from the main road, which ensures quiet and peaceful atmosphere.

 

To prepare the land for construction works land surveying was carried out and geodetic measurement have been taken. The area has been cleared of the excess vegetation, geotechnical investigation of the soil has been carried out. All three land plots have UTU (urbanistic-technical conditions) issued, for one of them conceptual design project and main project were prepared and construction permit is acquired.

 

The price of the land plot of 450 m2, with full documents package, building permit, elaborate and conceptual design project is 68.000 euro.

 

The price of the land plot of 501 m2 is 48.000 euro, while the price of the land plot of 764 m2 is 77.000 euro.

 

In the case of purchasing all three land plots there is a discount: the total price of 1846 m2 would be 175.000 euro, which is less than 100 € per m2.

 

According to the UTU (urbanistic-technical conditions) the land plot has the following construction coefficients:

 

•   Gross Build Area of object – 0,8

•   Footprint ratio – 0,4

•   Allowed levels – 2 overground floors plus attic floor (P+1+Pk)

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