Resale management/consultant Local estate agent , Stonehard
Who will buy Foreign buyers
*Please note that exit or resale of property depends on market conditions.
Unit/apartment features
FinishingExcellent
FurnishingFurnished/unfurnished
BathroomsBathtub, Fully fitted bathroom
Flooring in rooms Parquet flooring, Tiled flooring
WindowsUPVC window frames
Facilities in the complex/building
CommunalGarden, Outdoor parking lot, Park, Internet access, Wi-Fi internet in the whole complex
RecreationalMedical and spa centre
CommercialBar, Cafe, Restaurant
Additional purchasing costs
Total additional costs8% (estimated)
*These are the total additional costs that Buyer must pay on top of the purchase price. These include notary fees, stamp duty/local tax, solicitor's fees and may also include other costs that are typical for the country where the property is located.
Capital appreciation (p.a.)
Expected price increase of the property* 10%
*Quote is based on historic facts, market analysis and monitoring of local trends on the market. *Resale price is fully depending on market conditions. Resale price is not guaranteed.
Ongoing costs and aftersale charges
Maintenance chargeNot obligatory,
Management fee and looking after propertyNot obligatory,
The most prestigious address on the Adriatic coast
Healthy & active lifestyle among the natural beauty of Montenegro
Exclusive apartments, townhouses and villas with private pools and garages
2 Yacht marinas, SPA & Wellness center
A world-class 18-hole golf course open all year-round
Exclusive amenities include shopping, dining, schooling and medical facilities
94% open space (green area) – less than 6% will be built on – ensuring that the natural wealth will remain untouched
A number of new residential developments nestled among pristine nature and with state-of-the-art infrastructure at the same time are offered for sale. This holiday resort complex provides unlimited potential for investors.
This world-class luxury resort is located on Lustica peninsula on Traste Bay in north-western Montenegro. It is close to the village of Radovići, part of the Municipality of Tivat.
The residential development is situated 10 km from Tivat airport and 13.5 km from the city of Tivat, 80 km from the capital city Podgorica and 60 km from Croatia’s Dubrovnik.
The total are of the plot is 690 hectares or 6.9 million sq.m.
The total built-up area is 425 000 sq.m.; only 6% of the total area will be developed, 94% will remain as natural.
The development will feature:
Over 500 villas and townhouses
More than 1,000 apartments
7 hotels
Condominium hotel rooms
1 wellness and spa centre
2 marinas with mooring and docking support facilities
1 championship 18-hole golf course with clubhouse
4.9 km long boardwalk
Conference centre
Sport courts
Restaurants & shops
School
Medical facilities
Police & Fire department
Apartments
Available for purchase are studios, one-, two- and three-bedroom apartments.
Furnishing of the units: Unfurnished, apartment comes along with the fitted kitchen cabinets/built in home appliances (fridge, hot plate, oven, dishwasher, extractor fan).
Most of the apartments in the development are located on green areas in a lively neighbourhood on the hills, enjoying panoramic sea views.
They have convenient connections to the transportation systems of the resort, shops and restaurants, public spaces and the waterfront.
Some of the apartments are located near Marina. They offer communal swimming pools, vast outside space and beautiful sea views.
Completion of the apartments:
The offered 24 apartments in G and F buildings will be ready by summer 2017.
10 buildings (C and D) with 70 apartments are finished and sold.
Buildings of cluster F and G and the marina are scheduled for the completion in 2017 (most probably by summer season).
The residential part of the property also includes:
Townhouses
There are only 14 unique Townhouses in the development.
Completion of townhouses is scheduled for the second half of 2017 or early 2018.
These 2- and 3-bedroom private houses are constructed in the traditional Mediterranean architectural style. They benefit from private swimming pools, garages, plenty space with outdoor areas of up to 90 sq. m. This prime neighborhood offers beautiful views to a Traste Bay and features exceptional natural surroundings.
Villas
The development includes a wide choice of stand-alone villa sites. 2, 3, 4, and 5 bedroom units are available.
Each villa site offers views either to the golf course, the sea or the mountain.
A convenient access to a system of pedestrian trails throughout the resort and to a waterfront is provided to all guests and residents.
Hotels
7 hotels with unique themes are planned to be built on different locations in the resort. Some hotels benefits from the seafront location or near marina, whereas other ones will be situated on the hillside near the golf course.
The development offers:
Marina
The marina facilities at the resort are provided by Orascom Development’s. This project offers 176-slip main marina accommodating boats up to 35 metres (115 feet) and a sizeable secondary mooring area to accommodate smaller vessels. The marina includes all yachting services and amenities.
The marina features:
Berths ranging from 8 m to 35 m LOA
Daily & monthly short-term berthing options as well as long term berthing agreements (1, 3 and 5 years)
24-hours yacht assistance
Multi-lingual marina team
Local repair & maintenance facilities
24-hour manned and CCTV security
Single and 3-phase electricity
Refuse, grey and black water disposal
Wi-Fi internet access
Yacht club and crew facilities
Golf course
This holiday complex includes one of Europe’s finest golf club and championship courses. Created by internationally renowned golf course designer Gary Player. It will be Montenegro’s first 18-hole signature golf course.
There will be constructed residential villas, hotels and entertainment facilities such as swimming pool, tennis courts, etc. around the golf course.
Amenities and facilities that complex offers include round the clock security, pool bar, Spa centre, concierge service, water taxi, road transportation service.
The activities in the region include hiking, biking, sailing, stand up paddling, kayaking, beach sports, snorkeling diving, golf, archery and more.
Sustainability of the development
The key elements for the developing of a sustainable community and town, as well as a successful balance between the economic, ecological, and social aspects of the project are:
Site planning with low density development;
Green areas and green building design principles;
Water conservation;
Waste management and regional material use;
Reduced energy consumption;
Total built-up area: 425 000 sq.m.
Only 6% of the total area will be developed, 94% will remain as natural.
Location (exact)
This is the exact location of the property development.
Gallery
Check the images of the property. If you would like to view them in higher resolution, please click on any image.
“Montenegro is a country of pristine nature and medieval towns, clear water and clearer air”
The Times
Exotic and undiscovered, this amazing spot on the Adriatic coast is easily accessible from everywhere in Europe.
This part of Adriatic Coast is a unique blend of untouched nature and local heritage and the resort features eco-friendly architecture and world class facilities.
Montenegro is known worldwide for its historic treasures, such as the Old Town of Budva, the UNESCO-listed fjord in Kotor, the largest canyon in Europe - Tara Canyon, the Balkan Peninsula’s largest lake - Skadar.
The peninsula’s 35 km of coastline combines olive groves and rich vegetation with authentic fishing villages.
The region offers varied terrain and diverse opportunities for activity – skiing in Kolain mountain, hiking in 5 natural parks, sailing, swimming, golf, biking, caving, white water rafting.
Availability
24 apartments, 14 townhouses and 2 villas are available.
The offered apartments will be ready by summer 2017.
10 buildings (C and D) with 70 apartments are finished and sold.
Buildings of cluster F and G and the marina are scheduled for the completion in 2017 (most probably by summer season).
The hotel will be opened in summer 2018.
The whole project will be completed in around 15 years.
Completion of townhouses is scheduled for the second half of 2017 or early 2018.
Investment
Excellent location
These world-class properties are situated among untouched nature of Montenegro at the Adriatic coast, featuring unobstructed sea views.
Complete infrastructure and community facilities
The development offers all living amenities, including shops, bars, restaurants, schools and medical centres.
Key attractions
2 marinas with mooring and docking support facilities, 7 hotels and a year-round world-class 18-hole golf course.
Low taxes
With a flat-rate income and corporate tax (9%), Montenegro’s tax system has become one of most attractive in Europe.
Simple legal framework
Foreign investors and Montenegrin citizens are treated equally, so buying and registering property is easy.
Early bird benefit
Montenegro is at beginning of the real estate development cycle. Early buyers will benefit from a low entry price point and price appreciation over time.
Currency safety
Buying and selling using the EURO currency – limiting currency risk.
Sustainability
The Development takes an environmentally friendly approach as well as low density development strategy, which puts the environment in the centre of all decisions.
Stability
The government of Montenegro is committed to reform, prosperity and dynamic growth.
Partnership
The management structure consists of a Swiss developer (90%), renowned for its precision and accuracy in the execution of successful integrated town developments around the world, and the Government of Montenegro (10%).
About Montenegro
“Montenegro is a country of pristine nature and medieval towns, clear water and clearer air”
The Times
Exotic and undiscovered, this amazing spot on the Adriatic coast is easily accessible from everywhere in Europe.
This part of Adriatic Coast is a unique blend of untouched nature and local heritage and the resort features eco-friendly architecture and world class facilities.
Montenegro is known worldwide for its historic treasures, such as the Old Town of Budva, the UNESCO-listed fjord in Kotor, the largest canyon in Europe - Tara Canyon, the Balkan Peninsula’s largest lake - Skadar.
The peninsula’s 35 km of coastline combines olive groves and rich vegetation with
authentic fishing villages.
The region offers varied terrain and diverse opportunities for activity – skiing in Kolašin mountain, hiking in 5 natural parks, sailing, swimming, golf, biking, caving, white water rafting.
Payment plan & extra costs
Payment plan structure:
Reservation - 5%
Notarization - 20%
Start Construction - 25%
Finish Shell & Core - 25%
Interior Fit Out - 15%
Handover - 10%
Additional costs on top of the purchase price.
No additional costs on the buyer's side. The developer will cover notarization cost of the SpA, so there are no hidden charges in the contract price.
Guaranteed rental income
Guaranteed rental income is offered for the hotel condo rooms only at the amount of 4.32% for the first 3 years of hotel operation.
After 3 years this program stops and the profits will be split in accordance with the pool share proportion.
A rental program for the individual apartments will be offered to the buyers once the buildings are completed.
Contacts
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The marker on the map is indicating the exact location of the development.