Building land in Montenegro of 640 m²

Urban land with an area of ​​640m2 with the possibility of building a small 3-storey building with the approval of the local district. It is located in Montenegro in Faro within walking distance of all local shops and services, 1km from Faro international airport and 5km from the beach.

Currently, there is a single storey house for renovation that consists of 2 bedrooms, living room, kitchen and patio.
In this context, they have the opportunity to recover the current house or demolish and rebuild a new building, however a PIP (prior information request) will have to be submitted.

Previously, there was a project submitted to the town hall to build a small 3-storey building, consisting of 5 apartments.

The building, in plan, consists of:
• Ground floor - an apartment with 2 bedrooms and an outdoor area with 4 private parking spaces.
• 1st Floor - a 2 bedroom apartment and a 1 bedroom apartment.
• 2nd Floor - a 2 bedroom apartment and a 1 bedroom apartment.
• All designed apartments would have 2 fronts and areas between 69 m2 and 110 m2.
• The apartments on the upper floors all have two large terraces, one facing north and the other facing south.

Excellent investment opportunity or for those who intend to build their dream home.