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SPA-hotel project in Perast, Montenegro

Location
Perast
Unit ID
14302
Rooms
8-11
Unit area m2
440 m2
Land Area m2
1065 m2
Deal Type
Sale
Price
650 000 €
Distance to sea (m)
500

One of the most attractive small-scale development opportunities in Montenegro - construction of a SPA-hotel in Perast - a medieval gem on the Montenegrin coast.

 

Investment project represtents an off-plan land plot with an area of 1065 sq m in ancient of town of Perast. This town is under UNESCO protection, no new construction is available in this area, only restauration of existing buildings is allowed.

 

The plot possesses ruins, stone well, old tower, which is protected by the government as a heritage site.

 

There is access to the plot from the sea and from the main road.

 

The project provides for construction of a boutique hotel for 8-11 rooms  with separate SPA and swimming pool.

 

Expected ROI for the hotel owner is 9-10% per annum.

 

The total area of the object is 340 sq m and additional 100 sq m is dedicated for basement level (where SPA is to be located).

 

There is an alternative option of builfding a family house on the plot.

 

Permitted number of floors for two ruins is 3, for the third ruin it is 2 floors.

 

The plot offers stunning view on the amaizing Boka Bay.

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