Large Coastal Land Parcel for Hotel and Resort Development in Bar, Montenegro

This listing presents a significant opportunity to acquire a prime parcel of land located on the picturesque Montenegrin coast in Bar. The property spans a total of 312,352 m2, with the seller owning a 2/3 share (208,234 m2), and the remaining 1/3 share (104,117 m2) co-owned with the Republic of Montenegro. This co-ownership arrangement is advantageous, as the state's interest in selling is expected to streamline the acquisition of necessary building permits. The parcel boasts over half a kilometer of direct coastline. Essential utilities are accessible, with proximity to a regional water supply and electricity conducted to a neighboring parcel (10/0.4 kV). The land benefits from two access routes and is situated in an area slated for future development, including a nearby yacht marina and other hotel and condo complexes. The current urban plan designates the land for touristic purposes, offering flexibility to adjust the ratio of hotel to apartment buildings based on investor needs. Ownership is clear, with no limitations or mortgages. Interested parties are invited to a meeting with the Mayor of Bar to address any questions regarding the parcel.