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Ruins for sale

Montenegro - Palace Bjeladinovic, Risan For Sale

€550,000

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Call: 03339 390481
  • Description
  • Floorplans (0)
  • Map
  • Video tour (1)

Key features:

  • Stone Palace and Land
  • Sea Views
  • Mountains Views
  • Tranquil Surroundings
  • Ideal Renovation Project
  • Excellent Investment

Full description:

Nestling in 5205 m2 of its own grounds, this palace is one of the few remaining in Montenegro available for renovation. It has the potential to be reconstructed with over 500m2 of accommodation making it an ideal choice for development of a large private family home, a Boutique Hotel or Luxury Apartments.

The grounds gently slope towards the sea and are terraced with a wealth of trees. Within the grounds there is a stream which flows in the winter months and this is crossed by a quaint arched stone bridge.

Views from the Palace and the Plot are tremendous. It is stated on the Detailed Urban Plan that the land is designated as Low Density Building area. Therefore, the Palace can be enhanced with, for example, a number of smaller villas or chalets, increasing the overall value and usability of the site.

Palace Bjeladinovic also has an interesting history. It is told locally that the original builder of the Palace, as a young man, fell in love with the daughter of a wealthy merchant from Risan Village. When the father of the girl met the young man he asked "How many windows does your house have?". As he was at the time living in a humble house above the village, the answer displeased the merchant and the young couple were not allowed to marry. From this point the young man made it his life's mission to build a Palace bigger than the merchants house and when finished it had 2 more windows than the house of the merchant.

Sadly the young man didn't marry the merchant's daughter and he never lived in this impressive palace.

In addition there is a plot of 7162m2, directly above the palace which can be purchased for EUR 380,000.

ntRealty is a Real Estate Agency based in Tivat, Montenegro headed by British businessman, Peter Flynn, who has lived in the area since 2005 and focused his efforts in various aspects of real estate, including development, architecture, interior design and investing in real estate in the area. The Tivat office is run by a team of professionals who really understand the local market. The team is there to help guide you through the buying (or selling) process and we pride ourselves in giving a high level of service in a polite, friendly and efficient way.

ntRealty specializes in properties for sale all around the Bay of Kotor, Tivat Bay and Lustica and our clients range from Porto Montenegro and Lustica Bay to hundreds of private individuals who put their trust in our operation.


This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Tivat (INTERNATIONAL), 6.9 miles
  • Podgorica (INTERNATIONAL), 31.4 miles

*Distances are straight line measurements. This feature is currently in beta.

Video tour

To view this property or request more details, contact
ntRealty, Tivat

Tivat
03339 390481  Local call rate

Disclaimer

This is a property advertisement provided and maintained by ntRealty, Tivat (reference 0072) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

or call 03339 390481
Calling from outside the UK? 0038267268805

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