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The 750 m2 Kaboga stone villa, located just in the heart of Gruz port, was originally built in the 16th century and remains today as a cultural heritage. Just 8 km away from the city of Dubrovnik, and in close proximity to the beach, makes it an ideal project villa for the price and its stunning location. With its grounds sitting on the property, the majority of the villa is in the need of renovation and rebuilding. Originally this place has been approved to be the 12th bedroom, 5-star hotel. With all the building permits being in the action, this villa is looking for an ambitious and creative investor who is not afraid of a challenge! Dubrovnik and its county have been known to be the most dominant tourist and real estate hot spot for centuries. Rich with centuries of history this place could be an ideal opportunity for a lifelong investment. With its rich tourist status, you can expect an investment return is between 8-10 years. Whether you decide to proceed with an original hotel idea or have another plan for this property, feel free to contact our team in Croatia Real Estate agency. Our professional team is eager to help you out and build your dream property, for attractive and approachable prices. Experience what living and owning a business in Dubrovnik feels like today, by contacting Croatia Real Estate, a leading real estate agency in the whole of Croatia.