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Description
House with Apartments and Warehouse for Sale in Glavati - Ideal Investment Opportunity!
Location: Glavati, just 5 minutes from Jaz Beach, between Budva and Kotor, only 500 meters from the Adriatic highway.
A spacious house is for sale with a total area of 550 m², of which 400 m² is fully equipped and furnished. The property includes 5 apartments, one two-bedroom apartment, and one one-bedroom apartment, all ready for immediate use or rental. The current annual income is between €40,000 and €60,000, providing a stable return on investment.
In addition to the house, there is a newly built warehouse of 375 m² with a 100 m² covered area (closed on two sides), which can easily be converted into additional usable space. The total area of the warehouse and covered area is 475 m².
The land area is 1348 m². An exchange is possible for construction materials or plots along the Adriatic highway.
Cash price: €620,000
This property presents an ideal opportunity for investment in the tourism business or as a private residence with excellent rental income potential!
Basic characteristics
- Reference ID: 309637
- Published: 13.11.2024
- Updated: 13.11.2024
- Real Estate Ad published by: Boris
- City: Glavati
- Price: 620,000€
- Square footage: 1,025m2
Glavati, Kotor, Crna Gora
Kotor is a coastal town in Montenegro located in the Bay of Kotor. The old town with its stunning city walls is under UNESCO protection as a world cultural heritage site. The first memories of Kotor date back to the 168 years BC called Ascrivium, when it was part of the Roman province of Dalmatia. Today's name Kotor was given in the IX century. The number of inhabitants within the walls of the Old Town is about 1300, while the whole municipality has around 23000 inhabitants. Kotor is surrounded by cliffs of Orijen and Lovćen on one side and a beautiful bay on the other. It is considered one of the most magnificent landscapes on the Mediterranean peninsula and many call it the southernmost fjord in Europe. The architecture of the Old Town is under Venetian influence, considering that it belonged to the Venetian Republic from the beginning of the 15th to the end of the 18th century. If you want to feel the spirit of the Middle Ages, you can still find an apartment or suite within the old walls at reasonable prices. Kotor is also known as a city of merchants and famous sailors, and there are many testimonies of its turbulent history kept in the Kotor Museum. In its medieval surroundings, the city is full of luxury restaurants and romantic cafes, and every year various cultural events, carnivals and festivities are held, so this is an unavoidable destination for tourists. It is connected to all coastal cities of Montenegro by the main road that leads along the bay. Tivat Airport is 15 km away. Real estate in Kotor is diverse: some prefer apartments in the narrow streets of the old town, while others choose luxurious villas on the coast. The fact is that buying real estate in Kotor can be a very good investment for rent.