Business Premises, Larger complex / commercial building

Brač, Milna, in an exceptional location along Milna’s waterfront and promenade, a unique property situated on a building plot of 315 m², on which there are two existing buildings with a total area of 275 m².

The main building is a historic mixed-use residential and commercial house consisting of a ground floor, two floors and an attic, with a gross floor area of 175 m². According to the spatial planning documentation, the ground floor is of commercial use, while the floors are of residential and commercial use. The building is recorded as having existed prior to 15 February 1968 and represents a valuable example of Milna’s historic architecture. The property derives particular value from its exceptional historical and architectural characteristics. The house is protected as a cultural heritage asset and is located within the cultural and historical ensemble of the settlement of Milna, in an area of full protection of historic structures. Numerous valuable traditional architectural elements have been preserved on the building, particularly the façade made of regularly cut stone blocks, the stone cornice, stone balcony, stone surrounds of the openings, and the characteristic stone balatura, which give the property a distinctive historical and architectural character.

The second building is a commercial-use space, consisting of a ground floor, with a gross floor area of 100 m². The building was subsequently legalized, and a Decision on the Executed State from 2014 exists for it.

The property is offered for sale in its existing condition, with significant potential for renovation and further valorization. The main historic building requires reconstruction of part of the structure, renovation of the roof and attic, as well as the arrangement of the interior spaces, with careful restoration and preservation of the valuable stone and other historic elements. The existing condition of the building requires a professional approach to its renovation, particularly taking into account its cultural heritage protection and architectural value.

A conceptual design for the reconstruction and extension of the property has been prepared, envisaging the renovation of the historic house, the reconstruction and replacement of the building occupying the former commercial premises, and their connection into a single unit intended for tourism and hospitality purposes, with the potential for development into a heritage hotel. The conceptual design represents the potential future development of the property, while the areas and description of the buildings stated in this listing refer to the existing condition. The property may also be used for other residential and commercial purposes.

The property is located in an exceptionally attractive position directly along Milna’s waterfront and promenade, with secured pedestrian access from the southern side, vehicular access from the waterfront, and additional access from the eastern and northern sides, which represents a significant advantage for the future valorization of the property.

The combination of an exceptional waterfront location, historical value, protected architecture, existing built structures, and the possibility of developing residential and commercial facilities makes this property a particularly interesting opportunity for investors and buyers who recognize the potential of authentic historic properties in attractive locations on the island of Brač.

More information available upon request.