Plot on the Lustica peninsula at the entrance to the Bay of Kotor.

The site includes land up to the coastline, including rocky and pebble beaches. The site includes the historic Austro-Hungarian fortress of Arza, which is also part of the property. The land is owned by a legal entity and the initial offer is to sell the legal entity together with the land. The seller also has two or three alternative sales options and is willing to discuss them directly with potential buyers. Description and characteristics: The land area is 107,858 square meters and includes: • Own beach – 5690 sq.m (land) • Austro-Hungarian fortress “Arza” from the mid-19th century – 1455 sq.m (building) The site was acquired in 2005 as a result of an international tender, with the condition that the territory would be used for a “five-star hotel complex with separate villas and a yacht club.” The land belongs to a Montenegrin company. This is an ideal location for a high-class tourist complex with its own beach, marina and necessary infrastructure. Distances from the nearest international airports: • Tivat – 22 km • Podgorica (capital of Montenegro) – 60 km • Dubrovnik (one of the tourist centers of Croatia) – 65 km Urban indicators: According to the planning document “Local studio location “Sector 34””, approved in 2012, part of the land plot forms urban areas (UP) with the following indicators: Plot with an area of 12,597 sq. m. m is allocated for a “tourist complex”. • Site occupancy coefficient: 0.2 • Development density coefficient: 0.8 • Maximum number of storeys: S+P+2(3) (4 or 5 floors) • Total building area: up to 10,078 sq.m. The plot of 8,936 square meters is intended for a “tourist complex”. • Site occupancy coefficient: 0.2 • Development density coefficient: 0.4 • Maximum number of storeys: P+1 (2 floors) • Total building area: up to 3,574 sq.m. The 2,272 square meter site is designated for “tourism and culture.” Includes the existing structure “Arza Fortress” with an area of 1455 sq. Partial reconstruction of the fortress into a cultural and entertainment complex is allowed. • Site occupancy coefficient: 0.2 • Development density coefficient: 0.6 • Maximum number of storeys: P+2 (3 floors) • Total building area: up to 1455 sq.m (reconstruction) The area of 35,598 square meters is designated as a “sports and recreation area.” • Site occupancy coefficient: 0.08 • Development density coefficient: 0.08 • Maximum number of storeys: P (1 floor) • Total building area: up to 2700 sq.m (auxiliary premises) Plots with a total area of 14,815 sq. m are classified as a “park zone”. The plot of 2920 square meters is intended for “beach entertainment”. The 5,690 square meter site is designated as "beach". Plot area 1351 sq. m (cadastral plot 1851 and cadastral plot 1852), designated as “pier”. The remaining part of the land with an area of 20,375 square meters is located outside the formed urban areas (coastline). In accordance with international standards, a master plan has been developed that formulates one of the possible options for the development of the territory. The document defines the functional zoning of space and presents the main conceptual planning solutions. Territory development project In accordance with international standards, a master plan has been developed that formulates one of the possible options for the development of the territory. The document defines the functional zoning of space and presents the main conceptual planning solutions. The project involves the construction of a five-star hotel with approximately 200 rooms, its own yacht club and embankment. The complex will house several restaurants, cafes and bars, spa centers, sports grounds, swimming pools and three beach areas. In addition to the hotel, a multi-storey residential complex and about 30 villas will be built.