It is located in Budva in the district of Podkosljun, at a distance from the sea about 250 meters. Podkosljun is a residential-tourist disctrict near the city center of Budva, where all the most important facilities are available throughout the year: numerous markets, pharmacies, restaurants, kindergarten and post office and so on. The cascading configuration of the terrain provides a beautiful view of the sea, the Old Town and one of the symbols of the city of Budva - the island of St. Nikola. The land consists of 2 larger cadastral plots consisting of 3 urban plots and cannot be purchased separately. For each plot, there is UTU documentation that defines the permitted construction parameters for GBA ( gross building area) 2188 sq. m buildings. The first urban plot - UP No. 50 occupies an area of 313 sq. m. It is allowed to build a building of GBA of 268 sq. m; The permitted number of floors of the future building is GF (ground floor)+UG (upper ground)+2F (two floors). The second plot, which consists of UP - 21 and UP - 4 covers a total area of 1654m2. Construction of 2 buildings is allowed on it. Urban plot - UP No. 21 The construction of the future building GBA 774 sq. m is permitted: The permitted number of floors of the building is GF+UG+2F+Rf (roof). Urban plot - UP No. The construction of a maximum GBA building of 1146 sq. m is allowed on it; The permitted number of floors of this building is GF+UG+2F+Rf. An additional convenience of this property is direct access from the public road, urban communications - city water supply, electricity, sewage are located on the plot.