Location and Accessibility
This investment land is located in Reževići, one of the most attractive areas of the Budva Riviera in Montenegro. It is just 45 minutes from Tivat Airport (32 km) and 50 minutes from Podgorica Airport (53 km). The property is on the second line from the sea, near the famous Drobni Pijesak beach, offering excellent transport connections and a prime location for residential and hospitality developments.

Land Area and Development Potential
The plot measures 7,157 m², providing ample space for a high-end investment project. Its proximity to the beach, panoramic views, and excellent accessibility make it ideal for luxury tourism or residential developments.

UTU Permitted Construction
According to the approved UTU:

• 6 apartment villas of 454 m² each, totaling 2,724 m² GBA (Gross Building Area)
• 1 apart-hotel of 1,360 m² GBA
• A total of 49 apartments are permitted

Project Realization Possibilities

• Total saleable apartment area: 3,087 m²
• Terraces: 313 m²
• Usable rooftops: 992 m²*
• Individual plots: 2,685 m²*
• Parking spaces: 31
  *Usable rooftops and individual plots are not included in the cadastral plan but can be registered as pre-emptive usage rights.

Permits and Documentation

• Approved conceptual design by the Chief Architect of Montenegro
• Two developed projects: Official UTU and a working project tailored to the owner’s preferences (available in paper and digital format)
• Electricity connection agreement in place (not yet paid)

Price and Investment Opportunity
The land is offered at €360.48 per m². This is an excellent opportunity for developers looking to invest in a prestigious location on the Budva Riviera, combining prime sea views, accessibility, and clear legal approvals.