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Lustica Retreat – Villa with Pool on Montenegrin Coast, Tivat area

EUR 175,000
Merdari, Montenegro, ,
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Description

Newly renovated Villa with private pool, 5 minutes to Lustica Bay (www.lusticabay.com) and beaches, 10 minutes to Tivat airport. The villa is situated in the historic and tranquil village of Merdari on Lustica Peninsula. The villa is totally private with beautiful mature trees, surrounded by forest, walkways, stone walls and olive groves. This is the perfect retreat for those seeking total relaxation in a peaceful and private setting, minutes away from luxury marinas, beach bars, restaurants, etc. Construction of ‘Centrale’ www.lusticabay.com/centrale is underway, and once completed will offer further amenities such as schools, medical centre, restaurants, cultural centre, sports clubs, etc. Currently rented as luxury accommodation (www.lusticaretreat.com), the villa contains two separate apartments, each with a separate entrance, bedroom, bathroom, kitchen, living and terrace / sunbathing areas, and each with direct pool access. Based on a conservative rack rate of €125 per apartment the Lustica Retreat business is valued at €190,000 approx. Rack rates of €250+ are common for luxury suites in this highly desirable area during the long summer season, and private villa rates obviously higher, so the likely business valuation is much higher, and an annual revenue of €50,000+ could be easily achieved.
The villa has ample street parking and space for up to 2 private parks if desired. All documentation is in order, with sole ownership.

Address: Merdari, Montenegro
City:
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Property Id : 28637
Price: EUR 175,000
Property Size: 70,00 m2
Property Lot Size: 190,00 m2
Rooms: 6
Bedrooms: 2
Bathrooms: 2
Max Guests Number: 4
Sleeping Places: 4
mountain view
balcony/terrace
patio
free parking place
separate entrance
air conditioning
hot water
pool
washing machine
kitchen
coffee machine
crockery and cutlery
fridge
electric stove
shower cabin

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