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Planet Montenegro d.o.o.
Realestate &Tourism Agency
Dobrota 123 
85 330 Kotor
Telephone: +382 (0)69 089545

+382 (0)69 533670


www.planetmontenegro.com

Olive Mill Estate

ID: 100137
Category:     Houses
Subcategory: Detached
Region: Lustica peninsula
Location: Lustica
Surface: 500.00 m2
Exterior: 2,010.00 m2
Price: 550,000.00 €
4,035,639.30 Kn

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Description:

The estate is located in the picturesque vilage on Lustica peninsula. This village is at the highest point on the Lustica peninsula and has one of the most beautiful views in all of Montenegro.

Set amongst a hamlet of attractive villas, this estate is so called because Lustica is famous for its abundant olive groves. The rich cultural heritage and lovely beaches make this peninsula a prime holiday destination. This village enojoys a real vilage lifestyle but is perfect for those still looking for the convenience offered by town living since Budva and Kotor are only a 20 minute drive away.

There are three ruins on the site with two access points onto the land from the main road. Over the last few years, the region has seen an increase in new developments, however one can still experience the secluded and tranquil environment that this hideaway will provide. Existing area covered with ruins is 500 sqm  (footprint of ruins 236) while the area proposed by the general plan would be 2010 sqm.

This estate is located on North - East facing slopes with spectacular panoramic views of the Kotor Bay. The site consists of a lower and upper ruin with an internal central space.

In addition to the existing planning rights defined by the current building structure, the DUP for this specific area allows for a total building density ratio of 80% (over 3 levels). Therefore, Building Permit applications are in the process of submission for extension to the existing old stone buildings and additional new (complimentary) buildings.

Proposed development would consist of 4 houses (two rebuilt ruins, one freestanding villa and new build terrace house).

 

 



Additional information
Distance from sea: 250 m
Distance to public transportation: 100 m

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