Reduced from €350.000 to €275.000
In the 15th century two very rich families saved Korcula from decay, the Ismaellis and the Gabriellis. They helped preserve buildings and churches, and they each built palaces in the old town centre. Throughout the centuries the palaces were rebuilt respecting the architectural styles of that time. Influences of Gothic, Renaissance and Baroque style can still be seen. Nowadays, the Gabrielli Palace houses the Korcula Museum, while the Ismaelli Palace is divided into several apartments.
This truly beautiful and unique property is 122 sqm in size and comprises two large bedrooms, a bathroom, a modern kitchen perfectly integrated into a large stylish dining and living room. The apartment was renovated combining all contemporary conveniences and luxury with exposed stone walls and authenticity of the old building. In terms of rental business, this is a well established property with a yearly rental revenue of approximately €10.000 - 3,6% of property's value, which is a significant advantage.
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