(SOLD) Peljesac, house for sale, 850.000 €, ID: 2176
- 1.194 m²
- 1.122 m²
- 23
- 23
- 35 m
- Sea view
Key features
Property description
PRICE REDUCED FROM 1.150.000 EUR!
Unique investment opportunity - three captain's houses in Orebic!
This complex consists of 3 old buildings for complete refurbishment and renovation in the heart of Orebic, a pearl of Pelješac peninsula.
With a beautiful yard that rises to the promenade, a minute away from the ferry to Korcula, it is ideally located for tourist-hotel business.
Based on the building permit (the works can be started practically right away) the future owner will receive the hotel with a total capacity of 23 rooms with about 65 beds, with the possibility of building a swimming pool in front of the southern facility.
The horticultural setup of the yard and the terrace for guests will achieve a very authentic ambience which these three captains' houses, and their history, deserve.
Car access is possible.
Estimated total investment, which includes purchase and delivery, is about 3M EUR, with a guaranteed return of the investment in a period of about 10 years.
The Peljesac bridge, for which EU funds are secured, will further contribute to the attractiveness of this investment.
More about Peljesac
The Peljesac peninsular extends 70k out to sea and has a thriving tourist industry. It is close enough to Dubrovnik to allow Dubrovnik to be an easy day excursion, but has the feel of an island, particularly away from the mainland. Much of the peninsular, has steep slopes from high mountains which makes it perfect for the second industry, Viniculture.
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Much Peljesac property was built as the wine industry was developed. These villas on the South coast of Peljesac were large and well built. Some modern apartments on Peljesac have been built around the villages Orebic and Ston.
Most property on Peljesac is old Dalmatian style on both the North and South coast of Peljesac. Considering how close you are to Dubrovnik, Peljesac real estate is good value, and much of it is very modest.
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