Apartment Budva 42m2

This unique property in Budva offers an excellent investment opportunity, combining residential and commercial potential. The apartment measures 42 m2 and comes with a spacious courtyard of 153 m2. Construction work has already begun in the courtyard, with foundations laid for a building in accordance with the Detailed Urban Plan (DUP). The planned building has a footprint of 60 m2 and is intended for residential and commercial use across two levels, with a total area of 116 m2. Positioned alongside the street, just 0.5 to 1 metre from the pavement, the site offers excellent visibility and easy access. The Urban Planning and Technical Conditions (UTU) for the property were issued several years ago and are expected to remain valid, which would facilitate future construction and development. A wooden canopy, 3 metres high and featuring a fully insulated roof, currently stands on the foundations. With a modest investment, this space could be enclosed and converted into a temporary commercial building of 60 m2. The property comprises several cadastral parcels, all free from encumbrances and restrictions, allowing for a smooth transaction. The apartment includes a bedroom and a living room with a kitchen and dining area, providing comfortable living space in a highly desirable location in Budva. This property offers versatile possibilities, whether you wish to complete the planned development or make use of the existing apartment and spacious courtyard. It presents an opportunity to invest in an attractive location with significant potential. For further information, documentation or to arrange a viewing, please contact us.