Croatia, Dalmatia coast, Sibenik - Residential Project with Permit and Construction Underway

A residential project in an attractive location in Šibenik is now for sale—an ideal opportunity for investors looking to continue a development already in progress. The project includes a 240 m² building plot, a valid building permit, and a significant portion of complex construction work already completed. Situated near the city center, a school, a kindergarten, the coastal promenade, and local rowing and sailing clubs, it offers an excellent balance of urban accessibility and proximity to the sea.

 

The design entails the construction of a small residential building consisting of a ground floor plus two upper levels (P+2), complete with a rooftop structure and a roof terrace. The building will house three two-bedroom apartments, three basement storage units (with natural lighting), and three parking spaces. A unique feature of the project is that each residential unit has a distinct character, appealing to a diverse range of potential future buyers.

 

The ground-floor apartment (63.95 m²) is oriented toward three sides of the compass and includes a private garden, offering added privacy and a pleasant outdoor living space; it also comes with a 12.50 m² parking space. On the first floor, there is a two-bedroom apartment (65.58 m²) featuring two bathrooms, a covered balcony, and an assigned parking space of the same size. The second floor houses the largest unit (96.88 m²), which stands out for its sea view—visible even while seated—and access to a private roof terrace. The terrace will be partially covered and partially open, with utility connections already planned for a Jacuzzi and an outdoor kitchen, allowing for the creation of an attractive space for relaxation and socializing. This apartment also includes a parking space measuring 12.50 m².

 

One of the key advantages of this investment is that a significant portion of the construction work has already been completed. The existing semi-detached stone house has been removed, complex excavation into the rock face has been carried out, the foundation slab and basement walls have been constructed, and a lightning protection system has been installed. These represent some of the most technically demanding initial phases of the project, enabling the future investor to proceed with development without the need to repeat these tasks. Additional value is provided by high-quality aluminum joinery—already purchased—featuring triple-glazed insulating glass, aluminum windowsills, electric aluminum shutters, and insect screens. Water and sewage connections have been brought to the site, with four water supply points planned. Furthermore, approval (PEES) has been obtained for three additional electricity connections, in addition to the one existing connection.

 

A building permit has been issued for the project, and the main design is currently being refined to incorporate amendments and supplements. This provides the future buyer with a foundation for continued development, with the understanding that further implementation must align with the current—and potentially amended—project documentation. Thanks to its location, clearly defined concept, and the work already completed, this project represents an attractive opportunity for investors focused on the development and sale of residential units or long-term real estate investment. The combination of three separate residential units, parking spaces, storage areas, a private garden, and a rooftop terrace enhances the project’s market appeal and potential for a strong position within the Šibenik real estate market.

 

The offering consists of the project in its entirety, allowing a future investor to take over an ongoing development that already has part of the necessary documentation in place and significant initial construction work completed.