Opportunity! Historic Property in the Heart of Gjirokastra – For Sale / Investment / Restoration Lease

Opportunity! Historic Property in the Heart of Gjirokastra – For Sale / Investment / Restoration Lease

Seize a truly rare opportunity to own a piece of living history in Albania’s UNESCO-protected city of Gjirokastra! This exceptional historic property offers unique potential for sale, strategic investment, or a long-term lease with restoration. Imagine owning a piece of Gjirokastra’s soul, poised to be the envy of every discerning visitor to this UNESCO gem.

Property Details:

• Address: Rr. Lufta e Mashkullorës, Varrosh neighborhood, Gjirokastra.
• Cadastral Zone: 8541
• Property Number: 26/400
• Total Land Area: 132.6 m² (plot)
• Existing Building Area: 79.3 m²
• Historical Significance: This property is over 200 years old, dating back to the 18th century. It’s a quintessential example of traditional Ottoman-Albanian construction, mirroring the iconic museum houses found throughout the UNESCO protected zone.

Prime Location within a UNESCO World Heritage Site:

Nestled in the historic Varrosh neighborhood, this property boasts an unbeatable position in one of the most sought-after parts of Gjirokastra’s museum city. You’ll be perfectly situated just 1.1 km (a scenic 16-minute walk) from ”Argjiro” Castle, placing you mere meters from the city’s main tourist attractions and vibrant cultural pulse. Its strategic location makes it an ideal canvas for:

• Boutique guesthouses (bujtina)
• Authentic traditional restaurants
• Charming artisan galleries
• Any tourism-related venture designed to capitalize on Gjirokastra’s allure.

Unique Features & Investment Potential:

A standout feature of this property is its traditional stone cellar, which is naturally cool and highly functional. This authentic element not only enhances the property’s historical character but also makes it exceptionally suitable for a guesthouse, offering a unique, relaxing ambiance for visitors, or for the specialized storage of wine and local artisanal products.

The property comes with regularized documentation, ensuring a smooth and secure acquisition process. It is exceptionally well-suited for visionary investors seeking a project property with significant potential to apply for and secure EU funds, UNESCO grants, or other specialized projects from organizations like GIZ, TID, etc., aimed at cultural heritage preservation and development.

Pricing & Terms:

• Initial Price: The property has an indicative initial price of €85,000.
• Price On Demand: The final accepted price is subject to negotiation and the owner’s ultimate decision, reflecting the unique nature of this historical asset and the specific investment proposal.
• Owner’s Discretion: All offers received will be subject to the owner’s final acceptance.

Benefit Opportunities:

• Long-Term Lease with Restoration: Explore possibilities for a long-term lease agreement, conditional on the restoration and revitalization of the property, fostering a collaborative approach to its future.
• Cultural Heritage Collaboration: Potential to partner on and apply for cultural heritage funds, aligning your investment with significant preservation initiatives.
• Strategic Investment: Secure this property as a strategic investment in one of Albania’s most visited, culturally rich, and continuously appreciating historical destinations.

For more information and to explore this unique historical opportunity, please contact us.

What more could we add?

Given it’s a historic property and a project, here are a few ideas to enhance the description, depending on the specific knowledge you have:

1. Current Condition & Potential: Briefly mention the current state. For example: ”While requiring a vision for restoration, the property’s foundational structure provides a solid base for renovation.” Or, if some initial work has been done: ”Awaiting its next chapter, the property stands ready for tailored restoration to unlock its full potential.”
2. Architectural Highlights: If there are specific unique architectural elements (e.g., specific type of roof, stone work, interior features like original wooden beams or fireplaces), even a brief mention can add allure: ”Retaining its original stone walls and traditional timber framework…”
3. Renovation Support/Guidelines: A very brief mention of the existence of guidelines or potential support for renovating within a UNESCO zone could be reassuring: ”Investors will find existing guidelines and potential support avenues for restoration within this protected heritage site.” This indicates that while it’s a project, it’s a guided one.
4. Local Amenities/Culture: Briefly touch on the rich local culture, traditional cuisine, or artisan scene that surrounds the property, further enhancing its appeal as a tourism venture.

Which of these, if any, resonate most with you or apply to this specific property?