Stone ruin on the Kotor coast road for sale in Montenegro

Description

Stone ruin on the Kotor coast road with permissions to build 2 Duplex apartments plus Penthouse Apartment or Villa

Located in the highly prized front line area of Sveti Stasije, this stone ruin is set back from the coast road and has shared use of the parking and punta to the front of the house.
The current owners have had plans drawn up to create 2 duplex apartments and a penthouse apartment.
All apartments overlook the small villa in front and have stunning views over the Boka Bay towards Perast.
This is an opportunity to create a stunning single residence or 3 good sized apartments for resale.
Investors will be paying in the region of €850 m2 for the usable build space, an additional €1000 to 1400 m2 for the renovation and then, for this location and quality, the resale value should be in the region of €2750 to 3500 m2 depending on the quality of the finish.

basement 42,34+40,18 +2,66 = 85,18 m2

first floor 90,64+58,72 +8,68 = 157,52m2

mansard 121,94 m2

outside stone stairs 16,00 m2
380,64 m2

Property Data
Living Space: 380,00m²
Financial Information
Sale price € 275 000
Equipment Details
Front Line
Close to Historic Sites
Ideal Renovation Project
Excellent Investment