3 bedroom property
Property description & features
- air conditioning
- cable tv
- Concierge Service
- Swimming Pool
- Panoramic Bay Views
- Gym
- Ocean View
- Waterfront Apartment
- Balcony
- New Development
Porto Montenegro For Sale, Aurora 2bdr Penthouse Apartment, within IVO 5* Hotel & Residences Unveiling the Splendor: Three-Bedroom Penthouse in IVO Hotel & Residences: A Luxurious Haven in Porto Montenegro
Apt 502
Three-Bedroom Penthouse
- Total Internal Area: 305.46 m2
- Total External Area: 200.16 m2
- Total Sellable Area: 505.62 m2
IVO Hotel & Residences will consist of 60 keys out of which 25 luxury residences have 25 homes, studios, one, two, three, and four bedrooms with direct access to the sandy hotel beach and several pools and restaurants. Future owners will have access to a global network of privileges including exclusive events, and preferential rates across Kerzner Hotels and Resorts including One & Only, Atlantis, SIRO, and Rare Finds properties.
IVO Residences Inclusive Services:
- Professional Residences Management Services
- Dedicated Residences Manager
- Private beach club and hotel gym membership
- Hotel concierge services, in-room hospitality
- Residents only pool and sundeck
- Opportunity to participate in the IVO rental program
- Secure underground parking
- Residences spa treatments
Synchro Yards is the most luxurious mixed-use complex within Porto Montenegro by far, with its sandy beach, located between the Porto Montenegro yacht club and the village of Boka Place. Designed by award-winning architectural firm Woods & Baggot it is a true example of sophisticated design and luxury amenities, high-end homes overlooking the entrance to the Bay, a unique Rare Find’s 5* hotel IVO (part of the Kerzner Group) with luxury private residences, beach and swimming pools, world-class restaurants, award-winning spa.
The sanctuary of Porto Montenegro is a spectacular lifestyle destination with a world-class marina and luxury residential village, owned by the Investment Corporation of Dubai (ICD) with a portfolio that includes Emirates, One&Only Resorts, and Emaar Properties. UNESCO-protected Bay of Kotor location, with proximity to three international airports and Mediterranean cruising grounds, World-class, full-service 450-berth marina, and extensive luxury residential offerings. Accompanying infrastructure includes an international school, clinic, sports facilities, creative hubs, and business centres, as well as numerous restaurants and bars, alongside shops, markets, and galleries.
Instalment Stages- Non-refundable Reservation Deposit of €10,000 or €20,000 (dependent on unit price) on signature of Reservation Agreement
- 25% instalment on signature of Sale and Purchase Agreement. Reservation Deposit is deducted from this amount
- 25% instalment on completion of core and shell
- 25% instalment on completion of watertight building
- 25% instalment on building completion
Note: Instalments include VAT. Sale and Purchase Agreements must be signed and returned within 30 days of reservation.
Investing in Montenegro offers several compelling reasons:Stable Political Situation: Montenegro’s government is firmly oriented toward EU membership. It is the first country in line for EU acceptance and is also the newest member of the NATO alliance.
Low Taxes: Compared to other European countries, Montenegro boasts relatively low income and profit tax rates, both set at only 9%.
Stable Currency: Although not part of the EU, Montenegro uses the Euro as its official currency.
Simple Purchase Process: Foreign buyers can purchase, sell, and rent properties under the same conditions as Montenegrin citizens. The process is straightforward and safe.
Residency Opportunities: Owning property in Montenegro allows foreign investors to obtain a residency permit, regardless of the property’s value. After five years, property owners can apply for permanent residence.
Thriving Tourism Industry: With approximately 2.5 million visitors in 2019, tourism is a vital and dynamic industry in Montenegro.
Strategic Geographic Location: Montenegro’s position in Southern Europe, bordering the Adriatic Sea, serves as a historical meeting point between the East and West. Flights to both London and Moscow take approximately 3 hours.
Excellent Connectivity: Montenegro has two international airports (Podgorica and Tivat) with low-cost flights from various European cities. Additionally, it boasts four ports (Bar, Kotor, Zelenika, and Tivat), a railway to Belgrade (Serbia), and a ferry service to Bari (Italy).
Favourable Climate: The coastal region enjoys a Mediterranean climate with around 240 sunny days annually. Summers average 27°C (81°F), while winters are mild at 8°C (46°F). The mountainous north experiences an alpine climate with substantial winter snowfall.
Natural Beauty: Montenegro is a naturally stunning country, from its scenic coastline with sandy beaches and medieval coastal towns to its five national parks, majestic mountains, and ski resorts. As tourism trends shift toward active holidays, unique experiences, and sustainable travel, Montenegro remains an attractive destination for visitors and property buyers.
In summary, Montenegro presents a promising investment landscape, combining stability, favourable tax policies, and a captivating environment for growth and prosperity
Places of interest
*Based on an exchange rate of 1.1699 from GBP to EUR last updated on April 30, 2024
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