Old House and Land in Vranovići, Kotor

A Unique Investment in the Heart of Kotor

Embrace the opportunity to own a captivating old house in Vranovići, Kotor, that beautifully intertwines the charm of the past with the prospects of the future. This property offers more than just a structure; it is a canvas awaiting your vision, set against a backdrop of stunning landscapes and vibrant community development.

Community Development and Infrastructure

Vranovići is strategically located, making it an ideal spot for both relaxation and investment. The area is undergoing significant development, with new infrastructure enhancing accessibility to vital amenities. The proximity to Tivat, a burgeoning hotspot, is particularly attractive. Here, you will find a range of services, from trendy restaurants and lively cafes to shopping centers and cultural attractions. Moreover, the Tivat Airport is just a stone’s throw away, making this location incredibly convenient for both you and your future guests.

Points of Interest Nearby

The charm of Vranovići isn’t limited to your property; it extends to the surrounding area. A few highlights include:

– **Beautiful Beaches**: Just minutes away, you can find some of Montenegro’s most picturesque beaches, perfect for sunbathing, swimming, and water sports.
– **Sveti Marko Island**: An enchanting destination, this island is only a short boat ride away and offers opportunities for exploration, relaxation, and wildlife observation.
– **Historic Towns**: The iconic towns of Kotor and Perast, both UNESCO World Heritage sites, are within easy reach. Their rich history and stunning architecture make them must-visit locations for tourists.
– **Outdoor Adventures**: For nature enthusiasts, the surrounding mountains offer numerous hiking trails, providing breathtaking views and an escape into the wild.

Advantages of Real Estate Investment in Montenegro

Investing in this property not only places you in a prime location, but it also offers several advantages:

– **Growing Rental Market**: The tourism sector in Montenegro is flourishing, leading to increased demand for rental properties.
– **Favorable Climate**: With mild winters and warm summers, Kotor attracts visitors year-round, ensuring consistent rental income.
– **Government Incentives**: Attractive policies for foreign investors make it easier than ever to become a property owner in this beautiful country.

Maximizing Your Investment

With the expansive land and existing old house, there are various paths you can take to maximize your investment. Here are some potential avenues to consider:

– **Renovation and Short-Term Rentals**: Revamp the existing structure into a charming vacation rental that captivates visitors looking for authenticity combined with modern comforts.
– **New Developments**: With the space available, consider constructing multiple rental units. This approach can significantly increase your revenue stream and appeal to the booming tourist market.

Visualizing Your Returns

The potential return on investment here is substantial. Picture this: If you construct just four 100 m² homes, each can generate impressive rental income, especially during the peak tourist season. As illustrated:

1. **Summer Revenue**: Each unit could yield around €54,000 during the 3-month summer period at €150 per night.
2. **Winter Income**: Off-season rentals could still generate approximately €2,250 monthly at a rate of €25/night.

This combination leads to a total projected annual revenue of €56,250 from these newly constructed properties.

Strategic Conclusion

With an initial investment of approximately €239,600, including the land, the anticipated rental income could yield a return of about 23.5%. This is an enticing offer for savvy investors ready to dive into the thriving Montenegrin real estate market.

The history and beauty of this old house in Vranovići, combined with modern opportunities, create a rare fusion of past and future that awaits your exploration. Make your mark in Kotor and watch your investment flourish in this enchanting region.