SOLD Kotor Old Town (Stari Grad) - Main Square 2 Bedroom Apartment €119,000

On the top floor of a grand building in the corner of the Main Square in Kotor Old Town (Stari Grad) you have this 2 bedroom apartment waiting to be snapped up. Although it needs refurbishing, its in a prime location and as such would be popular with visitors looking for short-term rentals on Airbnb or other similar websites.

The main living/dining/kitchen area is of a decent size and you have the advantage that they are next to large hallways and a storage area which in theory could be better utilised, either possibly giving a 3rd bedroom or a much larger living zone. Otherwise, you may decide that the storage space could be ideal for your own items and spare bedding and linen, useful for short-term rental quick change-overs.

The floor area measure 59m2 though on paper it's shown as  57m2, this is because the municipality does not include floor space under a certain ceiling height (1.4 or 1.6m I think) and as this apartment is in the roof space 2m2 of floor space has not been taken in to consideration.

This would make a good solid investment, after some additional investment, and would give not only a decent return on your income, but also, because of it's location on the Main Square, it will provide you with healthy capital growth in my estimations.

 

Take a look at the video walkthrough of the apartment.