House for Renovation in Tivat

Unlock the Potential of Tivat’s Hidden Gem

Investing in real estate is much like planting a seed: with the right care and environment, it can grow into a thriving opportunity. The house for renovation in Donja Lastva, Tivat, is a prime example of such potential, waiting to flourish in one of Montenegro’s most enchanting areas.

A Renovator’s Dream

This expansive three-story property, with a total of 330 m² of living space, is not just a house; it is a canvas for creativity and vision. With nine bedrooms and ample communal space, it is perfectly set up for those looking to create a boutique hotel or a multi-family residence. The existing café area of 116 m² offers an additional edge, providing a potential revenue stream before or during other renovations. This unique combination of space and potential makes it a rare find in today’s market.

Thriving Local Development

Surrounding this promising property is a vibrant community that echoes with life and opportunity. Tivat itself is developing into a beloved destination for both local and international tourists. The stunning Adriatic Sea is merely a stone’s throw away, drawing visitors and residents alike to its warm shores. Restaurants offering fresh seafood and local delicacies, charming cafés, and shops are all within a short reach, fostering a sense of community and ease of living.

The ongoing infrastructural improvements in Tivat further enhance its investment potential. Visitors are often enamored not only by the breathtaking landscapes but also by the convenient access to highways, making it easy to explore nearby attractions such as the picturesque town of Kotor and the luxurious Porto Montenegro marina.

Family-Friendly Amenities

For investors considering long-term rentals, this location offers unparalleled accessibility to quality educational facilities. Parents will find comfort in knowing that kindergartens and schools are just a quick drive away, making this property an ideal choice for families. The combined atmosphere of community, proximity to the sea, and convenient amenities creates a desirable living environment, appealing to a wide range of tenants.

Maximizing Your Investment

Analyzing the financial landscape reveals compelling opportunities. With the burgeoning tourism in Tivat, short-term rentals can be an excellent strategy to maximize your investment. The potential annual revenue of approximately 63 000€ through summer and winter rentals provides a solid framework for expected returns.

– **Summer Rentals**: Generate revenue at an average rate of 350€/night for 60 nights, yielding 21 000€.
– **Winter Rentals**: Bring in 150€/night for 180 nights, resulting in 27 000€.
– **Combined Revenue**: A robust total of 63 000€ annually can be derived from both seasons, all while enjoying beautiful Mediterranean views.

Strategic ROI Outlook

Investors generally aim for reasonable and sustainable returns. This property stands poised for a solid potential ROI of 6.63%, as calculated from the initial investment of 1 040 000€ against estimated annual revenue. These figures illuminate how this property is not just a building but a strategic financial decision that could yield a fruitful outcome for savvy investors.

Conclusion

In a nutshell, the house for renovation in Tivat’s Donja Lastva is much more than a property; it is an invitation to partake in a burgeoning market full of promise. The blend of potential for renovation, strategic location, and robust financial prospects creates a compelling narrative for savvy investors. Don’t miss out on this rare opportunity to be a part of Tivat’s evolving story—transform this property into a canvas of dreams and prosperity. The future awaits!