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Apart-hotel for renovation - Muo, Kotor - 1st line

Kotor, Muo

1.250.000 €

1 / 20
  • Area

    300 m²

  • Rooms

    5

  • Bathrooms

    6

  • Floor

    0

PROPERTY DESCRIPTION

For sale: apart-hotel for renovation – Muo, Kotor – 1st row.

An ancient stone house is within walking distance of the Old Town of Kotor. The house is located on the first line of the picturesque Bay of Kotor, with its main facade facing the sea. In front of the house, there is parking for 2 cars. The house also has a terrace with a covered veranda and a restaurant kitchen located on the ground floor of the house.

The house has 3 floors plus an attic. The total area of the house is 300 m2. The land area is 291 m2.

Structure of the house:

The first (ground floor) is intended for a restaurant, with space for a hall and kitchen.
From the street, external stone stairs lead to the 2nd floor.

On each floor, there is an apartment of 55 – 60 square meters with two bedrooms, two bathrooms, and a kitchen-living room. The ceiling height in the apartments is 2.6 meters. All rooms have views of the sea and the Bay of Kotor.

The attic is a large room with a bathroom and an entrance from the landing and attic overlooking the bay.

If desired, each of the apartments can be divided into two hotel rooms. The ground floor has enough space for a reception, while retaining enough space for a restaurant or café operation in the mini-hotel. The most promising use of the house in this case would be a boutique hotel.

The location of this property is very convenient, as it is near 3 airports (Dubrovnik, Podgorica, and Tivat). The city itself has absolutely all the infrastructure needed for a long life: there are schools and museums, shops, pharmacies, high-status restaurants, and numerous cafes.

The Kotor region is a UNESCO World Heritage site and includes the interior of the Bay of Kotor (across the Verige Strait) with surrounding mountains, as well as the towns of Risan and Perast. The islands of Saint George and Our Lady of the Rocks also belong to the world heritage. In July 2000, the Bay of Kotor (the only one on the Mediterranean coast) was included in the list of the twenty-five most beautiful bays in the world.

Amenities

  • Terrace
  • Sea view

Location

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FREQUENTLY ASKED

Questions about this property

What is the price per square metre?

At 1.250.000 € for 300 m², this listing works out to 4.167 € per square metre. Compare it with the city average in the market card on this page.

Which floor is it on, and is there a lift?

The property is on the ground floor. No information about a lift was provided.

How do I arrange a viewing?

Call the number or send a message from the contact card on this page — you reach the advertiser directly, with no middleman and no booking fee. Viewings are usually arranged within a day or two.

What does buying cost for foreign nationals?

Foreign nationals buy apartments, houses and commercial units in Montenegro on the same terms as locals. On top of the price, budget for the real estate transfer tax (3% up to €150,000, 5% on the portion between €150,000 and €500,000, 6% on the portion above €500,000; new builds bought from a VAT-registered developer carry 21% VAT instead of the tax), the notary fee and the land registry charges. Agricultural land and forests must be bought through a locally registered company.

Is this listing still available?

The listing is active and the property is for sale. Contact the advertiser to confirm the latest status.