Description
Introducing a unique opportunity to invest in a prime tourist complex in Ulcinj that is currently for sale with conditions for building a 5-star hotel. Situated halfway between Ulcinj and Ada Bojana, this complex is located on the first line of the sea with access from the main road. The complex sits on a plot of land measuring 4385 m2 and consists of 33 bungalows (22m2 each), a 504m2 restaurant with a reception area, and 57 designated parking spaces for guests. The land has the proper urban conditions for an existing T2 tourist resort as well as conditions for building a 5-star T1 hotel with the possibility of applying for approval to add 2 more floors (T + 4 floors). The building base covers 1160 m2. The fixed price for this complex is 2,900,000 euros. The investor also has the option to purchase the entire company owning the tourist resort. Beyond its prime seafront location, the resort benefits from its proximity to a new boulevard with a border crossing at Ada Bojana, and there are plans to construct an airport just 1 km away in the near future.
