Office Space for Sale, 285m2, Kotor
Kotor, Crna Gora
485,000 €
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Description
Description
Boka Bay of Kotor, Risan city. Three-storey non-operating hotel
Distance to the sea 400m
The hotel requires major renovation of the interior and replacement of all furniture
The building is made of natural stone
The total area is 285 sq.m
. The base area of the building is 95 sq.m.
The hotel has nine apartments ranging from 12 to 18 sq.m
. Technical conditions allow the completion of an additional floor
The plot area is 900 sq. m.
The building was built in the early 19th century; its stability and strength is evidenced by the fact that the devastating earthquake that occurred in Montenegro on April 15, 1979 – did not leave any traces on this building – the building stands as a fortress. Usually, such buildings serve for several centuries
The thickness of its walls is about 100 cm.
The building has previously worked as a hotel – its unique location gives huge advantages:
Within walking distance of the embankment and the central square with restaurants, shops and city services
The street leading to the hotel has existed since ancient times
The hotel has a huge territory, where, in the backyard, there is plenty of space – both for the construction of a swimming pool and for a park area. The hotel has a parking area and convenient access from the backyard
The hotel is surrounded by buildings of cultural and historical value and protected by the state – absolutely no construction works that change the landscape are possible around the hotel.
The location of the hotel is a popular place among wealthy tourists from all over the world
Buying this hotel is a promising and successful investment
The estimated cost of bringing the hotel into working condition is around 100 thousand euros. The current owner of the Object is ready to do all the work "turnkey".
Risan is one of the cities of priority development of the state concept of tourism development, and currently, huge budget funds are invested here, which is a solid basis for confidence in the prospect of this investment.
Basic characteristics
Reference ID: 240861
External ID: 6263
Number of rooms: 9
- Reference ID: 240861
- Published: 24.04.2024
- Updated: 24.04.2024
- Real Estate Ad published by: Estate Monte Group
- Address: Kotor, Montenegro
- City: Kotor
- Price: 485,000€
- Square footage: 285m2
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.
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