Investment plot with panoramic views of the bay in Kamenari

Description

For sale is a unique land plot of approximately 50,000 m² in Kamenari, on the first line of the Bay of Kotor.

This is one of the few sites of this scale in this part of the Montenegrin coastline. Situated on a slope above the coastal road, the site offers open panoramic views of the Bay of Kotor and Tivat, excellent sun exposure, and significant potential for a premium residential or tourist development.

According to the provided urban planning and investment documentation, the territory provides for the possibility of residential development, including villas and apartments, and the total declared construction potential is up to 22,262 m² gross area.

The territory is divided into several zones with different development parameters:
• zone A1: building coefficient 0.7, maximum number of storeys P+2 or S+P+1;
• zone A2: coefficient 0.5, maximum number of storeys P+1 or S+P;
• zone B: coefficient 0.5;
• zone C: coefficient 0.4, predominantly low-rise buildings.

The property also includes an existing traditional stone building, which is open to renovation. It could be developed into a villa, restaurant, small boutique hotel, or other tourist attraction, subject to approved documentation.

This combination of a large land area, first-line location, panoramic views, and the potential for comprehensive development makes the property particularly attractive for the construction of a gated community of villas, premium apartments, a hotel, or a resort project.

The location is one of the property's key advantages. According to the investment presentation:
• about 10 minutes to Porto Montenegro;
• about 15 minutes to Tivat airport;
• about 15 minutes to Portonovi and One&Only;
• about 1 hour to Dubrovnik International Airport;
• approximately 2 hours to the ski resorts of Montenegro.

The site is located practically between two of the main premium tourist destinations on this part of the coast: Porto Montenegro in Tivat and Portonovi in Herceg Novi.

The price is 220 € per m².

A rare opportunity for an investor seeking a large site in the Bay of Kotor for a large-scale, premium residential or tourism project.