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SV. STEFAN

SV. STEFAN
Status: Real Estate

SV. STEFAN

Montenegro

In late 2012, an NCH fund acquired approximately 5.5 hectares of shorefront land from a distressed foreign investor for approximately 50% of the seller’s 2006 purchase cost. The parcels are located directly on the coast less than a kilometer south of the island of Sveti Stefan, near the Aman Resort. The site has magnificent views of both nearby Sveti Stefan Island and the town of Budva (8 kilometers away) and has direct frontage along the local road, which is connected to the main throughway. The site is well suited for residential and tourist facility development, and NCH’s master plan for the project’s development has received approval by the Montenegrin authorities.