Unique project on Lastovo island! It is a piece of true paradise and a dream destination for all the yachtsmen of the world!
SPECIAL OFFER! HOT!
Price decreased from 340 000 eur to 190 000 eur!
Unique WATERFRONT project on Lastovo island! It is a piece of true paradise and a dream destination for all the yachtsmen of the world! Ideal location for those who seek peace and crystal clear sea.
This is a rare investment opportunity, considering the exclusive location of the building land in Ubli nearby the harbor of Lastovo island. Location is first line to sea, with existing gravel beach in front of it, and marvelous unobstructable sea view.
An Austrian real estate developer had bought the land in 2006 and has obtained building permit for residential building accommodating 8 apartments that will not expire.
Current owner of the land is Croatian doo. This in turn is owned hundred percent by the Austrian developer. This situation, plus the existing building permit, provides absolute legal security to the buyer. All documentation is available.
Asking price for land is EUR 190.000. This does not include the right of using the existing building license of 2009. Separate from that, communal fees paid already shall be reimbursed to the seller in the extent as the investor can deduct those in the future.
Optionally, investor may apply for new building license. In case that investor wishes to utilize existing building license of 2009 at any time later, price "betterment" of additional EUR 160.000 shall become due, bringing the total price for land including existing building license to EUR 350.000 plus reimbursement of communal fee paid, to be stipulated in the sales contract.
The following applies to the optional use of the existing building license only:
Total net floor area of the authority approved building is 523 m2. Brutto area is 683 m2.
Apartments have an average size of ca 65 m2, all accommodating two bedrooms, two bathrooms, combined living and kitchen area, and terrace facing the sea.
There is an elevator from ground floor to roof floor.
Construction has started in 2010. Considering the issuance of building permit in 2009 under the old regulations, and considering that construction has started, the building permit will not expire.
Short description of building license by key words:
• location… Dubrovnik-Neretva county > Lastovo > Ubli
• Type of building: free standing
• number of stories: 3
• Rooms…. 16
• living area: net floor area…. 523 m2
• Land area…. 200 m²
Considering that the building permit has been issued under old regulations valid in 2009, utilization of land and thus size of floor area is much higher than what would be possible under new regulations.