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This property presents an excellent investment opportunity in one of the most sought-after locations in Tivat, just a stone's throw from Porto Montenegro. The project offers a renovation and expansion opportunity, with the flexibility to either tear down the existing structure or expand upon it. All the paperwork is in place, allowing you to begin building immediately.
Development Potential
Tivat is one of Montenegro’s top luxury destinations, known for its stunning marina, Porto Montenegro, and its vibrant lifestyle. The area offers beautiful beaches, excellent dining, and proximity to international transport links, making it an attractive location for investors and residents alike.
Tivat is a coastal Montenegrin town, located in the Bay of Kotor. It is placed in the sunniest part of Boka, which was named Tivat Bay after the city. The first sources about the origin of the city state that a summer house of the Illyrian queen Teuta from the III century BC was located here. In the city, there is a city park with an area of 4 hectares and the largest botanical garden on the southern Adriatic. Tivat does not have a center of the city like other similar cities - instead - people gather on the promenade, called "Pine", which is a pleasant place for a walk along the coast, close to the marina and a large number of cafes, restaurants, pizzerias, and hotels. In the summer months, cafes turn into nightclubs with fun that lasts until dawn. Tivat has many restaurants, where you can try Mediterranean specialties based on local recipes. Of the more significant buildings, the villa "Buća" stands out, a combination of Gothic and Renaissance architecture, in the garden of which many events are held today, from literary evenings, exhibitions to concerts are. One of the biggest tourist attractions is the Island of Flowers, the beautiful beach Plavi Horizonti known for its pines and olive trees along the beach that provide protection from the sun to the bathers. Thanks to a large number of sunny days a year, warm sea, and a large number of beaches, Tivat is one of the largest tourist destinations in Montenegro. In Tivat, there is also a nautical resort - Porto Montenegro, which has a luxury marina for yachts. In addition to the marina, it contains luxury apartments, a 5-star hotel, business premises, boutiques with branded goods, modern cafes, and restaurants. Tivat has excellent traffic connections thanks to the airport in close proximity to the city and the main roads leading to all major cities of Montenegro and the neighboring state of Croatia. Buying a property in Tivat promises a good investment for renting.
