Investment project in Tivat

A three-story house in the very heart of Tivat - near Porto Montenegro and a tennis court. The house is perfect for both permanent residence and as an apartment hotel due to its attractive location. All necessary infrastructure and more are within walking distance - tennis court, shops, supermarkets, Porto Montenegro, the promenade, and beaches. Details: 1st floor - living room, separate room with kitchen, bedroom, bathroom. 2nd floor - living room, 2 bedrooms, bathroom, terraces. 3rd floor - not equipped. A complete project for adaptation and reconstruction has been finalized, as well as the conversion of the family house into 4 separate apartments ranging from 50 m2 to 70 m2 (P+1), with a total area of 377 m2. (Currently, the area of the house is 147 + 23 m2) Approval has been obtained from the Chief Architect of the city for this project, and utility payments have been made. Adaptation and reconstruction work can begin immediately after the work report. In the subsequent phase, it is possible to add two more apartments on the top floor, resulting in a total of 6 apartments. The urban planning plan provides for a boulevard in front of the plot, which will expropriate 70 m2 of the plot for this purpose, with compensation of 35,000 euros to be received by the plot owner. The project includes a reduction of the plot, so this will not affect the planned reconstruction.