Villa / Tourist Apartment Complex, Herceg-novi, Montenegro

Location

The property is located on the southern slope of Savina, in the residential area where many private villas and apartments as well as few small tourist complexes contribute to the area's special intimacy. The object is advantageously located 50 meters from the sea and approximately at the same distance from the main street. The beaches, numerous cafes, pizzerias, restaurants and shops located just a couple minutes away. The historic city center is a 10-15 minute walk. All this in the best way contributes to the specific use of this unique property.

Type and use

The property is of high quality construction and finishing features residential apartments, outdoor pool, Spa facility (sauna, whirlpool, massage and body treatment areas), gym and other additional content. It includes nine individual residential units and one auxiliary dwelling used by maintenance staff. Currently the property is with mixed use as private residence used by the owner occupying one entire level and as seasonal four star tourist apartment complex with separate entrances in two other levels. Thanks to its construction, design and infrastructure, the property can be converted with minimum effort to solely a residential villa or high end apart-hotel with possibility of floor addition to exiting building should the property migrates from presently residential to commercial use.

Description and features

The main building is divided into several levels: the upper three levels consist of apartments, lower-two contain service and common areas. Two upper floors consist of 7 fully furnished apartments with spacious terraces and tourism are part of the object. Types of apartments include studios, apartments with two or three bedrooms, equipped with air conditioning, double or single beds and private bathrooms. To ensure complete comfort of guests, all apartments are equipped with cable TV, fast Internet and a safebox. 

 Reception, gym and service premises (laundry, storage and utlity room) are located in the main building. The middle floor contains 2 apartments that are use by the owner, together with the adjoining garden with pergola. Functionally separated from the working part of the house, this floor, thanks to its Central position and direct communication with other areas of the object, can be easily attached to any of the two functional parts of the object. On the two lower levels are located outdoor pool with "beach", a Spa facilities, boddy treatments, a room for hydro-massage, manual massage and baths, own laundry and auxiliary technical premises. In this part of the property a separate studio apartment is used accommodates seasonal staff, which if necessary can be used for other purposes. The property is connected to three-phase mains with 12 counters, as well as to the city water with 3 counters. The facility has two backup water tanks, equipped with pumps (10 000 l). Presently 3 phone lines with 16 extensions to apartments and other areas are managed by PBX. Two video surveillance systems of 16 cameras are interconnected. Heating in apartments is via radiators with electric boilers, and the Spa through the wall panels. All the apartments and common areas equipped with air conditioning. Vehicles access from main street to the property is provided by a road to the North gate and by footpath from the sea to the South gate. On-site parking can take up to 5 cars. Property grounds are enriched with different Mediterranean plants, including southern fruit trees.

Property Passport of the object

Property ownership 1/1 mortgages free, no other encumbrances or liens.

Plot size: 874 m2

Total useful area of the building: 840 m2

Area brakedown according to the functionalities:

• Owner's area (193 m2);

-Two apartments with adjoining terraces 159 m2

-Terrace (for private or shared use) 33 m2

• Tourist area (451 m2);

-Seven rented apartments with terraces: 342 m2

-Apartment for staff: 28 m2

-Reception and office: 36 m2

-Service/Utility rooms: 30 m2

-Stairs and corridors: 15 m2

• Spa (89 m2);

-Reception and clients area: 83 m2

-Service room: 6 m2

• Common area (108 m2);

-Outdoor swimming pool 30 m2

-The pool area, shower and bathroom: 40 m2

-Techical room: 11 m2

-Staircases, corridors and terraces: 27 m2