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Townhouse in Tivat for reconstruction, Montenegro

Location Tivat
Unit ID 17248
Unit area m2 436 m2
Land Area m2 587 m2
Floor / Nb of Floors 3
Deal Type Sale
Price 350 000 €
Distance to sea (m) 550

The house in Tivat is offered for reconstruction. The house is dry and solid, the reconstruction is not global. There are two separate projects with different reconstruction options, both made in accordance with Urban Technical Conditions (UTCs):


Option№1. To convert the house into building with six separate apartments with additional space on the ground floor. In that scenario each floor would have two one-bedroom apartments with living areas of 56 to 60 m2. According to preliminary calculations, total investment here including reconstruction costs would be around 900 euro per square meter.


Option№2. To keep the house in its current state, i.e. divided into two townhouses. After reconstruction each half on the house would have 3 bedrooms, living room and other rooms and terraces. The townhouses’ living area would be 211 m2 and 176 m2.

In that scenario it is also possible to buy only one townhouse for reconstruction, with prices 155.000 euro and 180.000 euro (for smaller and bigger townhouse, accordingly).


Preliminary construction cost estimates are available for both options. 

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