Urbanized land Morinj, Kotor

Area: 31,287 m2

GBA: 8,961 m2

Urbanized land for the construction of a hotel with an annex and seven residential buildings in Morinj, Kotor.

The land covers an area of 31,287 m2. The construction of 8,961 m2 gross is permitted, while according to the preliminary design, the construction of 7,559 m2 is foreseen.

The future complex will have an unobstructed view of the bay. There are numerous beaches and restaurants nearby.

Marina Porto Montenegro is located at a distance of 11 km (by ferry), while Portonovi Resort is located at 13 km. The old town of Kotor is 23 km away.

The nearest airport is in Tivat at a distance of 30 km.

At 89 € per m² this listing sits about 98% below the median for Kotor, which stands at 5,112 € per m² across 32 listings there with both a price and a floor area.

We currently hold 33 priced listings in Kotor, running from €151,000 to €6,000,000; by price this one ranks 4 of 33.

Within 5 km of this address we hold 10 other priced for sale listings, asking between €170,000 and €3,000,000, with a median of €640,000. At €2,800,000 for 31,287 m² this one ranks 3 of 11 inside that radius.