New

Attractive investment: Plot of land with approved plans for a boutique residential development near Umag

€370,000

+25% VAT

  • ~499 m² Plot surface

Description

A 500 m² plot of land with an approved building project is for sale in the peaceful Fratrici area near Umag. Construction work has already begun and the foundation slab has been completed. Unfortunately, the owner is unable to continue with the project for personal reasons. This presents a rare opportunity to take over an advanced new-build project with existing planning permission and ongoing construction. The plan is for a high-quality, boutique residential building that combines modern architecture and state-of-the-art building services with an exceptional wellness and spa concept. The building will extend over three storeys above ground and a basement with an underground car park and eight parking spaces in total. Four residential units are planned: on the ground floor, there will be a three-bedroom flat with a private terrace, as well as an exclusive wellness, fitness and spa area for residents only. The first floor will comprise a two-bedroom flat and a three-bedroom flat, both with spacious balcony terraces. The second floor will house an exclusive four-bedroom penthouse with a private terrace and sea view. A particular highlight of the project is the wellness and spa area, which can be opened or closed depending on the weather, enabling residents to enjoy a private spa experience all year round. This project is ideal for investors or property developers looking to take on a development that is already at the planning stage and has an existing design and planning permission. Of course, there is also the option to customise or redesign the project from scratch. This new-build project combines architectural clarity and modern living comfort with an exceptional wellness concept. It offers an attractive opportunity to develop a premium project efficiently in a sought-after location.
Features
Sea/Lake viewGreen view
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Engel & Völkers Istria

Your advisor: Dean Durovic

Property ID: W-04A0IX

Property details
  • Object type

    Other

  • Plot surface

    ~499 m²

  • Building restrictions

    None

Location: Murine, Istria

Fratrici is a quiet, established district of the city of Umag in the far northwest of Istria, ideally combining Mediterranean tranquility with urban accessibility. Nestled in a green environment characterized by single-family homes and smaller residential complexes, Fratrici offers a high degree of privacy and quality of living—far from tourist hustle and bustle yet in close proximity to the coast. The historic center of Umag with its charming old town, marina, top-notch restaurants, cafes, and boutiques is just minutes away. Equally nearby are well-maintained beaches, promenades, and renowned tennis and golf facilities that have made Umag internationally famous. The renowned Adriatic Golf Club, which offers a challenging 18-hole course with panoramic sea views, is about a 10-minute drive away. The region is also home to the renowned ATP tennis tournament in Umag, which attracts sports enthusiasts from around the globe. The region is characterized by excellent infrastructure and a high quality of life—ideal for year-round living as well as an exclusive second home. A special location advantage of Fratrici is its excellent international connectivity. Trieste Airport (TRS) is only about 60–70 minutes away by car and offers numerous direct connections within Europe. Pula International Airport (PUY), the main hub of Istria, is reachable in about 50–60 minutes. Furthermore, Venice Marco Polo Airport (VCE), with a travel time of approximately 2 to 2.5 hours, provides excellent global connectivity—a decisive factor for international buyers. The proximity to the Slovenian border and the Austrian-German main travel route also makes Fratrici a particularly sought-after residential location. The excellent transport connections allow for convenient arrival by both car and plane. In addition to infrastructural strength, the location impresses with its scenic diversity: olive groves, vineyards, gentle hills, and proximity to the sea shape the surroundings. Numerous wineries, traditional konobas, and gourmet restaurants emphasize the high culinary standards of the region. Fratrici near Umag stands for discreet luxury, tranquility, and quality of life—a location that reflects the special charm of Istria and is long-term one of the most coveted residential addresses in northern Croatia.

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