Investment property in Montenegro - mini-hotel on the seashore
Herceg Novi
1.500.000 €
Area
534 m²
PROPERTY DESCRIPTION
Investment property in Montenegro – a mini-hotel on the first line of the sea located on the Herceg Novi Riviera.
The hotel is located right on the seashore. Partial reconstruction needed.
The hotel area is 534 m2. Plot – 500 m2.
Building from 2005.
The hotel has 16 rooms (double rooms with bathrooms, some with the possibility of adding a 3rd bed). There is also a reception and a breakfast room (these areas are in the process of adaptation). The renovation project was carried out considering the category of a 3-star hotel.
In the courtyard with access to the coast, there is a fully equipped café with an area of 35 m2 (this facility is in the process of legalization).
Detailed information on request
Details
- Property type
- hotel
Location
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Questions about this property
What is the price per square metre?
At 1.500.000 € for 534 m², this listing works out to 2.809 € per square metre. Compare it with the city average in the market card on this page.
How do I arrange a viewing?
Call the number or send a message from the contact card on this page — you reach the advertiser directly, with no middleman and no booking fee. Viewings are usually arranged within a day or two.
What does buying cost for foreign nationals?
Foreign nationals buy apartments, houses and commercial units in Montenegro on the same terms as locals. On top of the price, budget for the real estate transfer tax (3% up to €150,000, 5% on the portion between €150,000 and €500,000, 6% on the portion above €500,000; new builds bought from a VAT-registered developer carry 21% VAT instead of the tax), the notary fee and the land registry charges. Agricultural land and forests must be bought through a locally registered company.
Is this listing still available?
The property has been sold; the listing stays visible for price history. Contact the advertiser to confirm the latest status.