Hvar, Jelsa, tourism development project in Mina Bay, investment opportunity

The island of Hvar, Jelsa, Mina bay - an exceptional investment opportunity for the development of a modern tourist resort in an attractive location near the sea, only a 5-minute walk from the very center of Jelsa. Mina Bay is distinguished by its preserved natural environment and untouched nature, which gives the project additional value and provides excellent prerequisites for the development of high-quality tourist content.

The project is located within the T2 zone of the tourist resort, the total area of the zone is 2.35 ha and the planned capacity is up to 500 beds. According to the spatial planning parameters presented, the height of the building is up to 6 m, the floor plan is +1+1, the built-up coefficient is 0.5, the utilization coefficient is 2.0, and at least 40% of green areas. The terrain is oriented in the north-south direction, with a gentle slope towards the sea, which enables a high-quality orientation of future buildings and an open view towards the sea.

The current development concept includes land with a total area of approximately 6,974 m² with the idea of developing a small exclusive tourist resort. The concept envisages three buildings with four to five apartments each and three to four detached villas in the lower part of the project, with a total planned gross developed area of approximately 3,000 m². The possibility of organized management of the complex, including rental and maintenance, is also foreseen.

The concept solution formed seven plots of individual areas ranging from approximately 827 to 1,038 m², while the total coverage is shown with an internal road and access to all future facilities.

The project represents an interesting opportunity for an investor who wants to develop a high-quality tourist product on Hvar, either through the construction and sale of individual units, the development and further management of a tourist complex or a combination of the above models.

An additional benefit for a potential investor is the possibility of buying the company as a whole, or taking over the company that owns the project, which can represent a more favorable structure of the transaction from the tax point of view, depending on the circumstances and tax status of the investor.

For serious investors, there is also the possibility of further expansion of the project to the surrounding plots, as well as the potential of connecting the development with another part of the bay - Mina Istok. This opens up the possibility of a significant increase in the overall investment scope and development of a wider, well-rounded tourist area.

The special value of the project is the attractive location in Mina u Jelsa cove on the island of Hvar, only a 5-minute walk from the center of the town, in close proximity to the sea and a preserved natural environment. The configuration and position of the terrain enable a high-quality orientation of future buildings and the realization of a view towards the sea. The overall concept provides potential for the development of a luxury mini-resort and represents an attractive investment opportunity for professional developers, hotel groups and investment funds.

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