Location

The house is located in the Seljanovo Tivat neighborhood, which has become extremely popular due to its proximity to Porto Montenegro and the newly built Boka Place complex. Centrally positioned on a 628 m² plot, the property offers more than enough space behind the house for parking and a small orchard, with a nicely landscaped front yard. The house also has a garage on the lowest level. An asphalt road leads directly from the main highway to the plot and the house, wide enough even during the busy summer months. The house is well positioned and the terrace offers a wonderful view of the bay.

Urban Planning & Technical Conditions

The property is of older construction but very well preserved, with no signs of structural damage beyond what regular maintenance would entail. The house consists of a spacious ground floor with two bedrooms, a large living room and dining area, a wide staircase, and large balconies. It is a classic family house with two separate apartments—one on the ground floor and the other on the first floor.

A reinforced concrete slab has been constructed above the upper floor, followed by the roof structure, which means additional residential units could be added. Under the urban planning and technical conditions, this urban parcel allows development of GF+1+Attic (low-density residential), with a site coverage index of 0.40, meaning a larger building than the existing one could be constructed. The attached documentation provides all permitted building parameters.

In our opinion, this is a promising investment with excellent return potential. Ideally, the existing building should be renovated and brought to a modern standard for living or renting, given the sea view and excellent microclimate. The plan also foresees the widening of the streets above and below the plot to two traffic lanes, which further enhances the importance and value of this property.

Our team holds the exclusive right of sale and would be delighted to present the property and provide additional information. Please feel free to contact us.