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Magnolia Villas
Djenovici, Herceg Novi
•Prices start at € 214.965
•Attractive payment plans (with 5% Discount available)
•Fully Managed Development
•Estimated date for completion 2009
•1hr drive from Dubrovnik airport
•30 minutes drive from Tivat airport.
Perspective
Magnolia Villas consists of four villas containing of six, two-bedroom apartments with sizes ranging from 84.30 m2 to 111.94 m2 nestled in verdant landscaped gardens. The development is situated in Djenovic with each apartment offering open sea views. The development is framed by a backdrop of majestic mountains surrounded by flower covered fields with fruit and olive trees. In particular by Magnolia trees that are the symbol of this part of Boka Kotorska .
Magnolia Villas boast traditional exteriors with fully modern interiors. Attesting to the superior design of the development quality white stone is used across the façade and all the stairs are elegantly covered with marble. Additionally, banisters are made of blackwork, and pergolas are built of first class wood. Each apartment has been specifically built with a personal terrace take full advantage of the sunny position of the development allowing brightly filtered light to flood the living room. Apartments are accessible without stairs ideal making this an ideal investment for persons with special needs.
Investment Information:
Montenegro offers property investors some of the most exciting real estate investment opportunities in Europe at the moment. The country is quickly establishing itself as a tourist destination of choice, with one of the fastest growing tourist industries in the world. This has been largely triggered by the burgeoning housing market, considerable foreign interest in the country and a government committed to maintaining current stabile political and economic conditions. Growth is has been further fuelled by substantial Russian, German and Italian investment that has already been made into the growing property market in Montenegro with both companies and individuals purchasing stunning coastal and city properties.
Property prices have risen dramatically in Montenegro with some of the most popular areas seeing as much as 30% growth. However, it is still possible to find real bargains offering excellent investment returns for both the serious investor and those seeking a second home alike. Those overseas property buyers looking to make an income in the should target the coastal towns and beautiful, ancient walled cities of Montenegro where growing numbers of German, Eastern European and Russian visitors head annually as there is immediate money to be made from buying to let to the tourism market and buying to let domestically in the main towns and cities in Montenegro. Long term growth potential is secured by the local population who are becoming wealthier, home finance becomes more widely available and growing numbers of international retirees and second home hunters realize the incredible attraction of the country and are drawn to purchase property in Montenegro.
Location:
Magnolia Villas is one of the most elegant developments within the Herceg Novi area and is located just above Djenovici, a charming waterfront village located in a prime position with stunning views of one of the most beautiful fjords on the Mediterranean, the Bay of Boka Kotorska. Djenovici is very beautiful and lively village with secluded beaches just a short walk away. Djenovici also features a waterfront promenade of cafes and restaurants some of which offer delicious local cuisine for those who desire to sample local culture.
Djenovici is 45 minutes from Dubrovnik airport and within 20 min driving distance to the ancient town of Herceg Novi. It is also close to the airport of Tivat. There are frequent links by ferry-boat with other towns around the bay, which gives easy access to the beaches of the Adriatic.
Facilities and Apartment Specifications:
•30 meters long swimming pool
•Children’s pool aside.
•Pool area is tiled with anti slipping ceramics combined with granite
•Air conditioning units in living room
•Fully fitted and furnished kitchens, equipped with all major appliances.
Living areas, kitchen, corridors and bathrooms are finished with high quality tiles imported from Italy
•Bamboo parquet in the bedrooms.
•All tiled areas have floor heating
•Norwegian radiators are placed in bedrooms
•Bathroom features full-length hydro-massage bathtub and Jacuzzi
with luxury fittings.
•Separate store room will contain washing machine, laundry dryer and high capacity water heater.
•All apartments have allocated garages
Payment Plan:
Refundable reservation deposit at 10.000 Euros
•30% after the singing of the main contract less deposit at 10.000 Euros
•30% Due to completion of the foundations
•30% Due to roof completion
•10% Due to keys hand over
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