Properties / Lustica

Lustica Bay View is set within the holiday resort of Lustica in the picturesque village of Zabrdje, which has one of the most spectacular panoramic views in Montenegro. Although Zabrdje offers a secluded and tranquil environment, it is still within a thirty minute drive to Tivat, Kotor and Budva. The planning concept is to build a residential development offering a choice of accommodation with a mix of semi detached houses and  apartments with a communal pool. The site is situated on a sloping wooded area allowing the development to cascade down, therefore maximizing the views for all units.

The rich cultural heritage, abundance of olive groves and an array of stunning beaches makes this peninsula a prime holiday destination. Lustica Bay View is located within the Detailed Urban Plan (DUP) of Zabrdje, Herceg Novi. In addition to the planning rights defined by the existing ruin footprint, the DUP for this area allows for a total building density of 80% over three levels.

Asset:
1,716sqm Total Area (Ruins and Land – Meadows, Orchards, Woods)

Proposed Development Concept (additional planning gain):
Luxury semi detached houses and apartments with communal pool

11 Units
Total GDA (including terraces & decks) 1,810sqm (density 105%)

Shedule of Areas
House 1 and 2: 2 x 3 Bedroom Houses – 190sqm unit with 45sqm terraces + 30sqm garden; Total Build Area: 470sqm (including terraces)

Apartment Building:
Internal Circulation 135sqm, Rooftop deck, terrace & pool 233 sqm; Total Build Area: 368sqm (including decks & terraces)

Apartments:
4 x 2 Bedroom Unit – 78sqm Unit with 12sqm Terrace; 2 x 1 Bedroom Unit – 78sqm Unit with 12sqm Terrace; Total Build Area: 540sqm (including terraces)

Duplex Garden Units:
2 x 3 Bedroom Unit – 126sqm Unit with 18sqm Terrace & 71sqm Private Garden; 126sqm Unit with 18sqm Terrace & 110sqm Private Garden; 1 x 2 Bedroom Unit – 126sqm Unit with 18sqm; Terrace & 63sqm Private Garden; Total Build Area: 432sqm (including terraces)

Summary:

• Site Area = 1,716sqm
• Gross Build Footprint = 750sqm
• Gross Build Floor Area = 1,810sqm (including decks & terraces)
• Parking: 11 Parking Bays

Infrastructure:

• Road access: local road
• Water: no, but there are cistern/water tanks, including rainwater harvesting
• Electricity: residential
• Sewerage: no, but there are septic tanks