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Excellent land investment opportunity

  • 1,463 square meters
  • Develop up to 725 sqm
  • All utilities closeby
  • Premium location
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Property Description

Land for sale in Rezevici consisting of two Urban Plots. This land is ideal for construction of two luxury villas or two small apartment blocks. There is an amazing panoramic sea view from the plot. The area of Rezevici is know for its huge 

potential and a number of high quality luxury developments. It is our opinion that good quality properties on this land would easily achieve sales prices of minimum €3,000 - €3,500 per square meter. The areas of these two plots are 791 and 672 square meters so the total land area amounts to 1,463 square meters. On the Plot of 791 sqm, there is a possibility to build a touristic building or a villa up to 400 sqm in size with a maximum of one level underground and two levels over ground. The maximum footprint allowance is 20% or 160 square meters that can be covered by the building. On the plot of 672 square meters, the allowed build is maximum 325 sqm while the maximum footprint is 130 sqm. The number of floors, one underground and two overground. In terms of infrastructure, there is a road leading up to the land while the electricity and water supply are located short distance from the land.

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Investment Highlights

  • Highly profitable investment
  • Sought after location
  • favorable site topography

Rezevici - Budva Riviera

The Budva Riviera is a 35 km (22 mi) long strip of the Adriatic coast surrounding the town of Budva in western Montenegro. It is part of the Montenegrin Littoral geographical region. It is located roughly along the middle of the Montenegrin coast, and is a center for Montenegrin beach tourism. There are 12.5 km (7.8 mi) of beaches which lie along the Budva Riviera.

Rezevici is one of the most exclusive areas of Budva area, home to some of the most impressive properties. Due to low density planning regulations it remains largely un built with a lot of potential of becoming the most prestige part of the Montenegrin coast

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Read our buying guide.

New to buying property in Montenegro, please check our comprehensive buying guide.

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Contact Us

IM Group Limited

Ulica XVI Zgrada CFSSI
Rozino
85310 Budva
Montenegro





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