House for sale in Igalo, Herceg Novi municipality, Bay of Kotor, Montenegro. A large residential building with a restaurant and ancillary facility is located on the main road Herceg Novi-Dubrovnik. The property is located 400 m from the seashore, close enough to the beach and promenade, but also far enough from the hustle and bustle of the city.
In the last 20 years, this area has become very attractive to tourists, so that in the immediate vicinity have been built a number of luxury villas and apartment complexes.
This zone is located on the gentle slopes of the hill, facing south, and the exceptional Mediterranean climate in the area brings over 200 sunny days a year. Winters are mild and free of snow, with rain in the winter months.
Only 400 meters from the house is the seafront of the world-famous Kotor Bay, which houses the tourist attractions of Kotor, Herceg Novi, Tivat, Porto Montenegro and Porto Novi. Less than 50 kilometers away are the world attractions of Dubrovnik, Budva and Trebinje. Within 100 kilometers are also the national parks of Lovcen and Skadar Lake, as well as the famous Ostrog Monastery. This list of landmarks is a guarantee that the time spent here can be used in many different and creative ways.
For sale is a house consisting of 2 large apartments (each 180 Sq m) and a restaurant with a kitchen, pantry and 4 rooms for employees in ground floor (a total of 180 Sq m) and one auxiliary building of 26 Sq m, on a plot of 797 Sq m. The construction is extremely high quality, and the building is in excellent condition, the house is immediately habitable. The house is connected to installations for water, electricity, telephone line, cable TV and high speed internet, and has independent central heating. The restaurant is fully equipped and with less preparation can be put into operation quickly.
For those who want to change the purpose of this house, the extraordinary conditions are: 797 Sq m of land, view of intent and extraordinary location provide all the potential you need for this idea.
The owner has the necessary approvals for the extension of 2 more levels on the building (floor and attic, 180 Sq m each), as well as the extension of the building by an additional 440 Sq m. This means that, besides the existing 550 Sq m, another an additional 800 Sq m, and an object of this size has great tourist potential, even for a larger hotel or apartments complex.
The tourist potential of Igalo is enormous. Montenegro is rapidly becoming one of the most elite tourist destinations in Europe and the world, and Boka Kotorska is certainly the pearl of Montenegro. An exceptional location is precisely the greatest potential for building an elite tourist facility and guaranteeing a quick return on investment.
Check out the photo gallery, location on map, 360o panorama, as well as a short video. If you think this offer meets your needs - let us know to arrange a tour. Seller contact data is at the bottom of this page.