Mercury Group
Stone house in the old town of Kotor
- Montenegro, Katorska, Old town
- Montenegro, Katorska, Old town
Property description
Excellent investment opportunity: stone house in the old town of Kotor with commercial space and apartments. Located next to one of the landmarks of the old city: the Cathedral of St. Trifun.
Four floors. Total area 312 m2 + large roof terrace on a plot of 115 m2. On the ground floor there is a commercial space that can be rented out for various businesses. On the residential floors, there are two apartments with 2 bedrooms each, one apartment with 1 bedroom, and 2 studios. Thus, it is possible to accommodate up to 20 people at once.
The house has been renovated and is being sold as a turnkey business. Clean documents.
There are two options: 1) buy the entire house 2) buy a house without commercial space
1) Price: 1,300,000 euros
2) Price: 900,000 euros
Location:
Basic parameters:
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Leisure and Infrastructure in 2km:
Finance and management:
- Montenegro, Katorska, Old town
** After rental period you check out, own your property, and:
1. give it for rent and get the loan covered keeping real estate till the highest market to resell, or
2. resell and get the invested money + capitalization profit
In both cases, your rental costs when purchasing real estate are reduced by an average of three times.
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