Land area: 1,035 m²
Gross building area (GBA): 2,070 m²
Existing building area: 240 m² (two levels)
Urbanized land in Bijela, Herceg Novi municipality, is located on the first line to the sea. The total area of the plot is 1,035 m², and according to UT conditions, construction is permitted in accordance with the following parameters:
Purpose: Residential construction. Construction of two buildings is possible. The maximum total GFA of the plot is 2,070 m², with a maximum footprint of 517 m² and an allowed height of up to 5 above-ground floors.
Apartment prices in the immediate vicinity are around €4,000/m², while the value of the built potential is estimated at €4,600,000 – €5,000,000.
The location is in the very center of Bijela, right by the sea, at the beginning of the promenade that leads through the old town. In the immediate vicinity, there is a sandy beach, a marina for boat docking, an elementary school, a health center, a bank, and several markets.
The existing building has a ground floor plus one floor and consists of 4 separate, fully furnished apartments, with a total internal area of 240 m².
On the southeast side, the plot borders a city park, while on the north side, it opens onto the Cultural Center.
