House in Sutomore: Prime Property Investment Opportunity

€400 000
ID 68729 Uploaded 18.10.2024
Key features
Houses (villas)
11 bedrooms 5 bathrooms 350 sq.m / 1 143 €/sq.m
Details
Property description
This property presents a unique investment opportunity in the desirable location of Sutomore. Situated beneath the main road, it offers excellent visibility and accessibility.

The property encompasses a 300 m2 house built on a 490 m2 plot. The property benefits from existing infrastructure, including city sewerage, water, electricity, and a water well.

Current Structure:

Ground Floor: A 96 m2 four-room apartment requiring renovation.
First Floor: A fully furnished and move-in ready 96 m2 three-room apartment.
Second Floor: Two furnished one-room apartments, ready for immediate occupancy.
Auxiliary Building: A 54 m2 structure with two one-room apartments (27 m2 each). One is fully equipped and habitable, while the other requires renovation.
Development Potential:

According to the detailed urban plan "Sutomore Centar", the plot permits the construction of a building with a total area of up to 600 m2. This allows for the development of a 3-story building with 200 m2 per floor.

This property offers a blend of existing living space and significant development potential, making it an attractive option for investors seeking a prime location in Sutomore.
Agency: Partner Montenegro
Igor Radevic
Agent at Partner Montenegro
Speaks English, German, Serbo-Croatian
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