Old House with Land Overlooking Tivat

Investment Opportunity in Tivat: A Gem Awaiting Your Vision

When it comes to making wise investments in real estate, few opportunities are as compelling as owning a piece of property that combines charm, potential, and breathtaking landscapes. Nestled in the quaint neighborhood of Radanovići, this old house, together with its vast land, beckons investors who seek not only a home but a canvas for future endeavors. The interplay of tradition and modern investment prospects makes this property a prime candidate for anyone looking to dive into the rich tapestry of Montenegrin real estate.

Surrounding Development and Attractions

The property is positioned beautifully, with the vibrant town of Tivat just a stone’s throw away. Tivat is renowned for its bustling marina, luxurious lifestyle, and vibrant community—attributes that continue to attract both local and foreign investors. With the expansion of infrastructure projects in the area, including improved access roads and public facilities, your investment is likely to appreciate tremendously in the coming years.

Imagine lazy days spent basking in the sun by Porto Montenegro, a luxurious waterfront development that draws visitors and residents alike. Here, you’ll find upscale restaurants, boutique shops, and a harbor filled with magnificent yachts, creating a lifestyle that tantalizes at every turn. Furthermore, the property’s proximity to the Adriatic Sea means that crystal-clear waters and sandy beaches are always within reach, adding to the allure of owning this investment.

Property Features and Advantages

The property is not just a house; it’s an experience waiting to be curated.

– **Flexible Land Use**: The 2548m² of adjacent land opens a world of possibilities. Consider the potential for constructing multiple rental units, or perhaps delve into creating an eco-tourism venture, combining traditional Montenegrin charm with modern hospitality.
– **Existing Structure**: The traditional 519m² house provides a touch of history and character, beckoning restoration and renovation efforts. Envision the charm of a renovated home that stands proud amid the natural beauty—a haven for vacationers or a serene retreat for permanent residents.
– **Proximity to Amenities**: Conveniently located just 2.5 km from Bigovi, and only 500 meters from the main road, access to essential services such as supermarkets, healthcare, and recreational activities becomes seamless.

Maximizing Profitability: Ideas for Development

1. **Build and Lease**: Establish prefabricated homes on the ample land, each designed to provide comfort and convenience for tourists and long-term tenants.
2. **Adventure Tourism**: Leverage the natural surroundings to create an adventure hub. Think eco-tours, hiking, and water sports, appealing to a diverse clientele.
3. **Residential Diversification**: Consider building family-oriented accommodations or luxury villas that could elevate the surrounding area and draw in high-end clientele.

Investment Analysis

The potential for financial growth is immense. The strategic positioning and layout of the land enable you to maximize your return on investment in a variety of ways.

– Consider the initial investment of constructing three prefabricated units:
– 3 units x 60m² x €599 = €107,820.

– With a typical rental income of approximately €1000 per month for each unit, rented out during the peak summer season (5 months), your income could look like this:
– Annual rental income: 3 units x €1000 x 5 months = €15,000.

Utilizing these figures, we can calculate the ROI:

– ROI = (€15,000 / €107,820) x 100 = 13.9%.

Conclusion: A Visionary Investment

This property in Radanovići is much more than mere bricks and mortar—it’s an opportunity to be part of a burgeoning market in Montenegro. With a clear roadmap in mind, and the right steps taken, investors can expect not only a satisfying yield of 13.9% but also the intrinsic rewards that come from nurturing a piece of untapped potential. Act now and envision a future where your real estate investment thrives amidst the splendor of Tivat and its surroundings!