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Home Investments Luxury seafront development on Island Solta

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Luxury seafront development on Island Solta

SoltaP

 

The preliminary concept is to develop 31 exclusive apartments all with sea views, large terraces and parking on the posterior part of the land. 

 

Description

Given the exclusive location set on a tranquil beach front just a few minutes from the bustling village of Necujam, the concept is to develop a luxury seafront development. The preliminary concept is to develop 31 exclusive apartments all with sea views, large terraces and parking on the posterior part of the land. On the front 4000 m2, 3 superior seafront villas with pool and large landscaped gardens are planned. All villas will enjoy a parcel of over 1,000m2 of land without any intervening road to the Sea. This is rare to find in Dalmatia and such villas are valued at well over 1 Million Euros each.

 


BUILDABILITY of the Parcel - 8103 m2
1. Dark Yellow zone - (immediately buildable) – 4,000m2
2. Light Yellow zone - (awaiting UPU) – 1,500m2
3. Maximum buildable Footprint - 40%
4. Maximum Height - 3 floors
5. Maximum building coefficient (living space) - 0.8 - (ie 80% of building area)


Thus if one takes into consideration a 20% loss to roads, the following figures would be achievable :
1. Immediately buildable area – 3,200m2. (80% of the 4000m2 in the dark yellow zone)
2. Maximum obtainable buildable area - 2,560m2 Gross.
3. Net living area would be 2,048 m2.

 

Why Dalmatia?

• Unspoilt nature, pristine coastline with 1,185 islands attracting high end tourists
• Apart from being one of the most popular islands amongst foreigners, Solta is also the Croatians’ favourite holiday destination.
• 155% tourism growth predicted 2003 – 2013
• Solta is the target of large investments such as the Livka Bay project by Dolphin which includes 5 star hotel, 160 birth Marina and residential units.
• Necujam is the closest Bay to Split with plans for a large Marina and new Tourist/residential project by
• Ve r y limited New Build properties due to strict control on building.
• From February 2009 all EU residents can purchase property in Croatia freely.
• EU entry candidate expected 2009/2011
• VAT rebate of 22% if buying as a company
• No Capital Gains tax after 3 years if privately owned

 

About Island Solta

Solta belongs to the medium sized group of Adriatic Islands. However, judging it by its natural endowments, it is certainly amongst the most beautiful. A mere 16km from Split, Solta has 60km of coastline interspersed with four harbours and 24 bays, it offers the visitor quick approach and a safe, pleasant stay.
Vistiors can reach Solta within 15 to 20 minutes by boat or in 45 minutes by car ferry operating regularly. The island's harbours and bays have a capacity to accomodate some thousand boats, while the numerous natural beaches offer sufficient space for many more swimmers.
Solta is appreciated mainly because of its virgin landscape. The southern side of the island with its breathtaking bays, beaches, islets and cliffs is particularly beautiful. The flora found on the island is of no lesser value; with its 2000ha of unspoilt Mediterranean vegetation, including trees, bushes and grasses, it lures the visitor to take a deep breath of the fragrant air and experience ancient Mediterranean, the cradle of civilization. Solta has always been, and still remains, the perfect combination of land, sea, air, nature, and man. And this treasure is what Solta offers visitors tired of modern urban life. One summer spent on Solta will make you dream of it for the rest of your life.

 

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