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Apartments in Dobrota, Montenegro

1 bedroom apartments from £111,000

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Boka Heights,
Dobrota,
Montenegro

1 Bed Apartments from £111,000

2 Bed Apartments from £142,200

Small scale development finished to high standards – very near to completion
Fabulous location with uninterrupted views over the stunning Kotor Bay
Development team are experienced with proven track record in Montenegro
50% LTV mortgages available upon completion

Summary

Small scale development finished to high standards – very near to completion
Fabulous location with uninterrupted views over the stunning Kotor Bay
Development team are experienced with proven track record in Montenegro
50% LTV mortgages available upon completion
Tourism has more than doubled since 2004
€350 million spent on improving hotels
€250 million spent on infrastructure developments

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Description

Montenegro has seen its tourist numbers double since 2004 and is expected to experience further growth in visitor numbers to reach 1.7 million by 2018 according to the World Travel and Tourism Council. This is unsurprising when you consider that the country offers both vast mountainous regions covered by forests, lakes and national park as well as its beautiful coastal towns and resorts that are attracting westerners once again.

Montenegro has adopted the euro and is anticipating eventual membership to the EU having signed a stabilization agreement. The government has already invested more than €250 million into the upgrading of the country’s airports, roads and utility infrastructure, whilst its hotel network has received €350 million of expenditure due to its privatisation. Top

Location

The Russian market has created the highest number of visitor numbers from any single nations, but the number of Britons visiting Montenegro grew 14% in 2007 and with twice weekly flights now operating direct from London Gatwick to Tivat, this growth is set to continue.

Boka Heights is located 300 meters from the sea frontage of Dobrota with numerous bars and restaurants, whilst also being only 5 km from the beautiful, Venetian walled town of Kotor that is home to museums, a marina, shopping facilities and nightlife. Top

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Property

The 28 apartments at Boka Heights are situated in beautifully landscaped gardens around the communal pool and offer superb views over the sea towards the stunning mountainous backdrop. Each will be finished to the highest standards with a modern, western design and include fully fitted kitchens and bathrooms at a very competitive price point in the local market.

An experienced management company is in place to manage the upkeep of the development making Boka Heights a superb 2nd / holiday home option. However, with net yields of around 5% achievable at just a 50% occupancy year-round, those investors looking for a hands-free approach to ownership can also organise full property and rental management services through the management company.

Only 10 units remain available in the development and with completion due in August 2008 the opportunity to purchase at off-plan prices are limited. Mortgages of 50% LTV are available enabling investments with ~ £55,500. Top

Amenities