Project of luxury 5***** resort and yachting marina of 100 berths in Zadar area

Project of 5***** resort and 100 yachting mooring places marina on Ugljan island near Zadar!
Fascinating sea views, virgin nature, great prospects in connection with the plan to build a bridge to Pasman-Ugljan from the mainland.

This building land is located on the Ugljan island and is part of the designated T2 / T3 tourist zone with a total area of 170'000 m2.
The Seller is a legal entiry which commissioned a renowned architectural office from Zadar to prepare a master plan for this tourist zone. The aim being to establish spacial planning models as well as conceptual urban architectural planning solutions for the T2 / T3 zone on the Ugljan Island.
The Master plan was presented in December 2022 and is now available.
In the next phase, the spatial program models and the urban planning-architectural concept solutions will serve as the basis for the urban development plan (UPU). Architects and investors will work together with the municipality to draw up the plans for the UPU. After the UPU is revised and approved, (expected duration for this process is approx. 9 to 12 months), the detailed planning and implementation of the project can begin.
The municipality has shown, through the ongoing discussions, that they are very interested in this tourist zone being development.
Parallel to the sales process, the order to prepare the UPU was placed.

The planning of separate building areas located outside the settlements intended for gastronomic and tourist purposes, is strictly regulated by the Spatial Planning Act. These regulations must be implemented through spatial plans at all levels.
According to the Spatial Planning Act, the input parameters are specified as follows: Land use, maximum capacities, land ratio and utilization coefficients, height, number of floors, etc.
The parameter having the greatest impact on the spatial division of seaside tourist zones is the requirement that accommodation buildings be located at least one hundred meters from the coastline.

The zone is divided into three separate zones:
A. Agriculture – starting 100 meters from the coast, where villas and apartments are located;
B. Horticulture - as a middle zone, where the hotel and the central functions of the settlement are located, as well as the Geopark; and
C. The coast - which includes a coastal promenade, a beach and a dock for boats with an adjacent yacht club.
According to the master plan, villas will be built on land plots allocated for villas. All villas are based on the same basic model. The goal of this being to create a Mediterranean living atmosphere with a deep, shaded outdoor space, providing intimacy and privacy from the neighbours, and properly transitioning from the outer open to the inner closed spaces, while maintaining an unobstructed view. The main areas of the first and second floors in all the models are facing the sea with wide views. Depending on the number of rooms chosen (two, three, four or five rooms) the basic model will be developed further.
The city of Zadar with its archipelago (group of islands) has over a hundred islands in a small area.
Ideal for boat trips and "island hopping", the starting point being the beautiful island of Uglijan. There is a possibility to build and operate a marina with approx. 100 moorings in a top location.

General data:
Ugljan island is located in the archipelago off Zadar, northwest of Pašman island. It is separated from the mainland by the Zadar Channel. The island is 50 km² in total (length 22 km, width up to 3.8 km) and has about 6,200 inhabitants (census 2001). A bridge across the Zdrelac strait connects Ugljan island to Pašman island.
The largest settlements on Ugljan are located along the northeastern shore. The northwestern shore, where our property is located, will gain importance in the coming years.
There is a car ferry that runs between Zadar and Ugljan hourly and takes around 20 minutes to cross. The property is located on the northwestern side of the island of Ugljan. Since July 2021, access from the main road DC 110 to the property is through a small road, but the municipality plans to build a new access road with modern infrastructure.
The small bay with direct access to the sea and a potential to build its own marina yacht harbor, is one of the last undeveloped plots in the tourist zone T2 / T3 in this region. There is a  great and increasing demand for such idyllic places.

Costs estimation:
The estimated expenses for the development of the infrastructure, construction costs of the villas and marketing are approx. 50 million euros. In contrast to this arepotential sale proceeds of approximately 70 million euros. Taking reserves into account, a gross profit of approx. 20 million euros, before taxes, is expected. This corresponds to a margin of 40%.