Tudorovići Land For Sale Pristine Mile after mile of beaches, some dazzling and sandy, others made of multi-coloured soft pebbles - this is one of the single most striking stretches of coastline in the Mediterranean, and much of it remains unspoilt. Location The Retreat is a land site located in the Budva Old Town, one of the oldest picturesque village of Tudorovici, over- settlements on the Adriatic coast, first looking the Budva Riviera. Spectacular mentioned in historical records more views give the site an added edge, than two and a half thousand years ago being near the bustling town of Budva, as the “town of Illyria”, is less than 10 yet still being able to enjoy a tranquil km away. The Old Town is a unique archi- location. tectural and urban whole, surrounded by medieval walls, complete with a fortress, The site is less than 2 km away from the towers and gates. island of Sveti Stefan, once a fishing village and a fortification of Paštrovići - Tivat international airport is approximate- a home to a cluster of stone cottages ly 40 minutes drive away. and churches with red-tiled roofs tucked amongst hardy evergreen trees for more than 600 years; today reborn as Aman Sveti Stefan, the city-hotel often refered to as the most elite summer resort of the Mediteranean. Budva hinterland If you are looking for primordial beauty, The precipitous sea view and the sur- a rich cultural and historical heritage, the rounding shady mountain massifs will scent of medicinal herbs, gastronomic leave you breathless. You will be part of specialties, and the company of simple the “wild beauty” that the Budva Riviera people of a warm temperament and boasts. mentality, not far away from Budva’s sandy beaches, the hinterland of Budva Tudorovići is one of the original Pas- is the right choice for you. trovici villages, together with Kuljace, Celobrdo, Blizikuce, Radjenovici, The Budva heartland is an area of Podlicak and Krstac, with a recognizable green hills covered with lush vegeta- architectural style featuring stone houses tion, vineyards and olive groves that with wine cellars, larders and stables. produces Budva’s best wine and olive oil, picturesque villages with authentic The Budva municipality is famous for architecture and old stone houses with having nine monasteries and over 60 vaulted terraces with vines, tangerine churches on its territory, most of which and lemon trees. These coastal villages, are located in the hinterlands. The small also known as the “upland estate of churches, mainly built on the hilltops, the Budva Riviera”, are located at an lend a special charm to the settlements, altitude from 300 to 700 metres, and and offer fascinating views of the Budva situated along the narrow strips of Riviera. arable land, next to freshwater springs, connected to the coast with a busy traf- fic network of local side roads. Tudorovići Land The site is gently and favourably sloped to the south and east towards the seafront, having a most picturesque view of the Adriatic Sea. The site is currently not connected directly to the local road which is 50 m away, but the access road to the site is entered into Cadastral maps and stretches along the upper side of the plot. The plot itself is a regular shape and has Site Overview natural borders. It is relatively easy to build on. Total Land Size 7,712 m2 There is electricity on the site. Telephone Urban Plot Size 7,509.42 m2 infrastructure is nearby and easy to obtain. Urban Status Development Zone: Housing, Local Location Study Vrba (UP 125) There is no public water infrastructure avail- Gross Building Area 4,500 m2 (A total of 10 objects of 2.5 levels each) able on the site or in the area, so water Max. Area Under Objects 1,500 m2 tanks are in use. Building Coefficient 0.59 Occupancy Coefficient 0.2 As the market is constantly changing, it would appear today that the mix of product envisioned for this site would be (should the site be built out): 5 smaller villas of 150 m2 on an average plot size for each villa of 800 m2 – providing an attractive index to allow for outdoor pool, space and privacy. Each villa would come with a sea view and a price of €300,000 per villa 30 apartments spread over 5 remaining objects, with a gener- ous communal garden and a swimming pool area, sea views from each apartment. The product price which would range between €1,750/m2 dur- DRAFT ing construction to €2,000/m2 upon completion. Some commercial area in the form of a convenience store, a small spa and recreation area to be included as well Potential Development Product Example Project .