Commercial real estate for sale seaside in Kotor (Risan) 400m²

Commercial real estate for sale by the sea in the city of Risan, an ideal investment property on the first line of the Bay of Kotor. This unique investment project includes a historic stone estate and an adjacent plot of land where a new building can be erected. The proposed plot of land of approximately 2500 square meters is located directly on the bay with an ancient palace and other stone houses, with a total area of 2000 square meters, on which it is possible to build a building of 358 square meters up to 3 floors.

This property is perfect for creating a boutique hotel or residential complex. The city of Risan is famous for its historical heritage, including ancient Roman mosaics, beaches and hotels. Next to the project is the Teuta Hotel, which is currently under renovation and will soon open to visitors. The proximity to the city of Perast makes this place even more attractive for investors, since real estate in Perast is the most expensive in Montenegro.

The palace has already been strengthened; all that is required is to replace the roof and carry out interior decoration. An ideal project for the implementation of the conceived concept. The total area of the property is 400 square meters, suitable for use as a hotel, residential complex or apartments. The property is located within the city, in close proximity to the sea. There is no closed guarded area on the territory, but there is open parking. Heating system - electricity. Online display and remote transaction are possible, as well as purchase for obtaining a residence permit. No sea view, but flexible installment plan available.