€9,448,000
Montenegro, Comune di Teodo, Krašići
€9,448,000
A rare opportunity to acquire a prime seafront plot with a ready project for a 5-star hotel on the prestigious Luštica Peninsula, located in the largest bay of the Adriatic – the Boka Kotorska Bay, often referred to as the southernmost fjord in Europe. Just 10 minutes from Tivat Airport, this is the last available plot on the coastline suitable for developing a luxury 5-star hotel.
The foundations have already been laid for the Golf Residences development, with world-renowned golfer Gary Player invited to design the 18-hole golf course. The first nine holes are expected to open by the end of 2023. Less than 10% of golf courses worldwide offer uninterrupted sea views from every point, making this project uniquely prestigious.
The planned Centrale settlement will become the region’s hub for commerce, administration, and culture, featuring a kindergarten, school, health center, police and fire stations, bank, post office, service station, outlet village, conference center, sports complexes, parks, promenades, open-air galleries, shops, and cafés on the central square.
Plot and Development Details:
Total plot area: 20,995 m²
Total complex area: 16,287 m²
Hotel:
Above-ground: 8,382.34 m²
Underground: 5,956.10 m²
Total: 14,338.44 m²
Guest House:
Above-ground: 1,620.60 m²
Underground: 328.23 m²
Total: 1,948.83 m²
Accommodation Layout – First Parcel (16,029.76 m²):
Double Rooms: 29 units – 43.3%
Triple Rooms: 26 units – 38.9%
One-Bedroom Apartments: 4 units – 5.9%
Two-Bedroom Apartments: 2 units – 3%
Three-Bedroom Apartments: 4 units – 5.9%
Four-Person Apartments: 2 units – 3%
Total Units: 67
Second Parcel (4,966.06 m²):
One-Bedroom Apartments: 2 units – 25%
Two-Bedroom Apartments: 2 units – 25%
Three-Bedroom Apartments: 4 units – 50%
Total Units: 8
This plot offers an extraordinary investment opportunity for luxury hospitality development in Montenegro, combining prime seafront location, golf course proximity, and exclusive natural surroundings with a turnkey project ready for construction.
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