Vrakjen Palace, a unique monument located in the heart of the Old town of Kotor

, Montenegro [ref: 7859]

€ 850,000
(£ 765,000)

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Property Details

Location: Old Town

Region:

Type: ,

Size: 363 sq m

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Property Description

Vrakjen Palace is a unique monument located in the heart of the Old town of Kotor.

Although the palace requires renovation, it has preserved its interior and features from the Baroque period.

The palace dates back to the XVII century.

The property consists of:

1. Two commercial spaces on the ground floor (15 sq m & 14 sq m) that face small square;

2. Non-residential space on the ground floor (61 sq m);

3. Spacious 91 sq m apartment located on the first floor;

4.One 91 sq m apartment located on the second floor and another 91 sq m residential space in the attic.

5. Plot of land behind the palace of 157 sq m;

It is an excellent investment opportunity as it is ideal for a small hotel.

 

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