Urbanized Land Cetinje 1240m2

Situated in the picturesque weekend settlement of Obzovica, halfway between Budva and Cetinje, this 1,240 m² plot of land presents an exceptional opportunity for development or investment. The property is prominently visible from the main Budva-Cetinje road, offering an easily accessible location with stunning views. Its strategic positioning next to the popular Sofranac apartments enhances its appeal for various types of investments, particularly within the tourism sector. The plot is fully equipped with essential utilities, including water, electricity, and road access, ensuring that the foundation for immediate development is already in place. This project has been carefully planned in compliance with Urban-Technical (UT) conditions, which allow a construction footprint of up to 400 m². Current permits authorize the construction of three individual structures, each with a footprint of 76 m², as approved by the Chief City Architect of Cetinje. The remaining land allows for additional building potential, opening further possibilities for development. What sets this property apart is its suitability for investment in Montenegro’s burgeoning rural tourism market. The project has undergone a thorough review and has been submitted to the Ministry for IPARD rural tourism funding, which provides a potential 70% return on eligible investment costs. This ready-to-develop land, with all legal documentation in order, is ideally suited for anyone looking to invest in Montenegro’s tourism sector or establish a rental property in a prime location.