SITE FOR PRESTIGIOUS HOTEL AND VILLA DEVELOPMENT WITH FULL PLANNING PERMISSION

LAND FOR SALE IN LUSTICA, MONTENEGRO

BREATHTAKING PRISTINE COASTAL GREEN FIELD DEVELOPMENT OPPORTUNITY IN MONTENEGRO FOR A 5* VILLA, HOTEL OR TOURIST DEVELOPMENT OVERLOOKING THE ENTRANCE TO THE BAY OF KOTOR AND THE ADRIATIC SEA.

The development risk has been reduced to an absolute minimum with the completion of planning approvals for the development of either villas or hotels.
The site is in an area of pristine nature with incredible world class views, and has substantial profit potential for a high quality  development. Tenth Planet Montenegro is the sole owner of the land and has private and exclusive access. All permissions are now in place which reduces the risk of delays to an absolute minimum
The land is equally ideal for any of the following development proposals:
  • Mixed development to take advantage of the upsurge in Montenegrin tourism
  • Exclusive luxury villas in their own grounds
  • Development into any type of hotel or tourism development
  • A superior quality private  secluded luxury estate

SITE SPECIFICATIONS

  • Beautiful and unique location on the Adriatic coast overlooking Croatia and Montenegro at the entrance to the famous Kotor Bay ( Boka Kotorska) between the famous beaches of Dobrec and Zanjica
  • Recently adopted laws prevent new green field development and make this plot unique with its FULL AND COMPLETED PLANNING PERMISSION
  • Private and exclusive access guaranteeing privacy
  • Exclusive building license approval for High Voltage electricity installation
  • 12% gradient, ideal for development while maintain the stunning views
  • Privately owned land (no lease agreement needed)
  • 6.1ha of spectacular coastal development land for sale in Lustica in Montenegro
  • Title is clean and free of encumbrance
  • Government issued planning conditions
  • Enabling works approval from central government
  • Completed private access
  • Permit for 32,016m² GBA residential villas, hotels or tourism development on 6.3ha of land
  • The land is in the sole ownership of Tenth Planet d.o.o.
  • Substantial development profit

NATIONAL SECURITY ASSURED THROUGH NATO AND EU ACCESSION MAKING MONTENEGRO A SAFE INVESTMENT DESTINATION:

  • 9% corporation tax
  • 15% income tax rate
  • Low rates of property tax
  • Double taxation agreements with 34 countries including the UK,China, the Russian Federation and Turkey
  • Ongoing development of substantial improvements in infrastructure

THE BAY RIVALS OTHER WORLD CLASS LOCATIONS PROVEN BY THE HIGH QUALITY ONGOING LIVE DEVELOPMENTS IN THE AREA. IN PARTICULAR THIS DEVELOPMENT WILL ATTRACT OTHER IMPORTANT INCENTIVES:

  • Zero rate VAT (normally 19%) for villa and hotel developments
  • Zero rate infrastructure tax incentive (normally 180€/m2 net built area) for top quality tourist development
  • Option to purchase the holding company removing 3% land transfer tax liability
  • VAT credits accrued within Tenth Planet after operating for 12 years

FOR SALE FOR €13,000,000

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