Morinj Villa Community Ready-to-build plots for individual houses in beautiful seaside village of Morinj, in the Bay of Kotor, Montenegro

Morinj Villa Community

Ready-to-build plots for individual houses in beautiful seaside village of Morinj, in the Bay of Kotor, Montenegro

2

Summary of Morinj Villa Community

Fully urbanised, ready-to-build plots of ~800m2, with road and all utilities already present, in exclusive master-planned community, 100 – 200m from sea, with sea views & views of Perast islands

Each plot urbanised to allow construction of a single building of up to ~720m2 (90% coefficient) – allowing construction of a single villa, two or three terraced houses, or a house with 4 – 8 apartments, all with private pool and garage space

Picturesque Morinj is the location of Catovica Mlini, best restaurant on the bay. Morinj is near to UNESCO protected towns of Perast (10mins) and Kotor (25 mins). Access from Tivat (30mins) or Dubrovnik (60mins) airports. New road to mountains will connect Morinj to ski resorts in less than 2hrs

Chose from a selection of pre-existing designs. Full project management service offered from one of Montenegro’s leading developers. Management will ensure that all development is high quality and appropriately designed

Foreign individuals (of any nationality) can now buy building plots directly in their own name

View from plotView from plot

Example villa designExample villa design

3

Location of Morinj Villa Community

4

Morinj – views of village

5

About Morinj village and the Bay of Kotor

Kotor Bay, is a place of stunning natural beauty; the southern-most Fjord in Europe - a vast butterfly shaped expanse of water surrounded by breathtaking mountain scenery. Boka Kotorska is remarkable for its wonderful coastal scenery and the many pretty villages and towns that dot the shore line.

Long before it was designated a UNESCO World Heritage Site in 1979, the Bay has been a magnet for sailors, traders and sightseersalike.

The beautiful village of Perast is littered with the palaces of 17th century Venetian merchants, each vying for the best view over to the beautiful island monastery of St. George. Both Perast and its island are visable from the Morinj site.

The seaside village of Morinj lies halfway between the major towns of Herceg Novi and Kotor. A picturesque hamlet of traditional stone houses, Morinj is known for its lush green mountain slopes, old watermills and network of interconnected springs, known as Little Venice. It is also the location for one of the best restaurants in Montenegro, the stunning Catovici Mlini.

Morinj is near to UNESCO protected towns of Perast (10mins) and Kotor (25 mins). It is an easy drive from both Tivat (30mins) or Dubrovnik (60mins) airports. New road to mountains will connect Morinj to ski resorts in less than 2hrs.

Little Venecia spring channelsLittle Venecia spring channels

Morinj's old millsMorinj's old mills

Islands of PerastIslands of Perast

6

Details of individual plots

Plot # Plot area,

m2 Max Building Footprint, m2

Max Gross Built area, m2 Floors Unit Price, € Plot Price

UP a114 800 240 720 Bmt+Gnd+1st+Attic 125 € 99,994









UP b84 572 143 458 Bmt+Gnd+1st+Attic 80 € 45,784

UP b85 553 138 443 Bmt+Gnd+1st+Attic 80 € 44,274

7

Layout of Morinj Villa Community

8


9


10

Expected costs

11

Forecast timeline

Activity WeeksCumulative

weeks

Buy plot and register ownership 2 2

Agree concept design 4 6

Obtain Location Permit 4 10

Detailed design 8 18

Obtain Building Permit 4 22

Agree price & specification with builder 4 26

Construction 24 50

Total process from purchasing plot to completing home will take less

than 1 year

1212

The Project Manager is a leader in Montenegro coastal developments

The Project Manager has been operating in Montenegro since 2005 and is one of Montenegro’s leading coastal property developers

British-owned and managed, the Project Manager has an experienced team based in their full staffed Montenegro office

They have already completed a number of impressive & award winning developments on the Montenegrin coast, photos are shown opposite

The Project Manager has been operating in Montenegro since 2005 and is one of Montenegro’s leading coastal property developers

British-owned and managed, the Project Manager has an experienced team based in their full staffed Montenegro office

They have already completed a number of impressive & award winning developments on the Montenegrin coast, photos are shown opposite

Examples of projects completed by the Project Manager

13

Examples of villa design

14

Montenegro background: The Bay of Kotor

15

Montenegro background: Stunning coastline

Documents

Morinj Villa Community Ready-to-build plots for individual houses in beautiful seaside village of Morinj, in the Bay of Kotor, Montenegro