Apartment in Kotor, Montenegro, 54 sq.m

A branded Movenpick 5* Teuta Residences, which is under the management of the Accor Hotels group, the largest in Europe and the second largest in the world when it comes to operators of branded units. The resort and hotel are named after the Illyrian queen Teuta, who had her summer palace in today’s Risan.

The apartment consists of a living room with a kitchen and dining room, a bedroom, a bathroom, and a private garden with a sea view and direct access to the beach.

It is fully furnished with branded furniture and according to the standards of a 5* hotel; future owners have two furniture packages available – Heritage and Mediterranean. Among the brands used were: Pliform, Dienne, Calligaris, Poltrona Frau, Faro Barcelona, Leta, Porada, UHS Group Ltd, Eichholtz, La Redoute’s, BK Group…

The owners will have at their disposal all the facilities of the resort, including:

– Center for water sports

– Sandy beaches

– Indoor (15m) and outdoor (17.5m) swimming pools

– Private yacht cruises

– Swimming pool for children

– Private pier and the plan is to build a private marina with moorings for boats up to 30 m

– Workspace with meeting rooms

– Six types of restaurants

– Retail area

– SPA and fitness facilities

Owners will also have a card with which they can get discounts of up to 20% within the resort, as well as discounts on transfers to and from the airport. They can also use professional real estate management services; an optional real estate leasing program is available.

Buyers are approved for a repayment plan in stages:

25% upon signing the contract

25% upon completion of rough works

25% upon completion of insulation and facade

25% when taking over the residence

Completion of the works is planned for the summer of 2025.

The nearest airport is in Tivat, 25 km away. In the immediate vicinity of Risno is the medieval town of Perast, while the Old Town in Kotor is located at a distance of 18 km.