Profitable investment in Lustica Bay - Studio at The Chedi Hotel 5*
Tivat, Luštica Bay
500.000 €
Area
49 m²
Rooms
1
Bathrooms
1
Floor
1
PROPERTY DESCRIPTION
We offer for purchase a profitable rental property - a studio in the condo hotel "The Chedi" 5*. The hotel first opened its doors to guests in the summer of 2018. Given that it is currently the only hotel in the Luštica Bay area, it has had a large influx of tourists and full occupancy since its first days of operation.
Anchored in rich local tradition and deep respect for nature, Lustica Bay is the largest luxury resort and residential project with a golf course, a yacht marina, and much more.
This complex is located on the beautiful Luštica Peninsula in the stunning Traste Bay. The territory of the complex is over 6 million square meters. It is the first true ecological project in Montenegro, strictly adhering to the standards of the LEED Silver Certificate.
Today, Luštica Bay is at approximately 10% occupancy of the development plan. Upon completion, Luštica Bay will represent a successful community with more than 6000 residents, over 3000 apartments, and more than 300 luxury villas with sea views and six hotels.
4.9 km of coastline 'Lungo Mare' will connect the city with the magnificent coastline, coves, and beaches. The elegant marina will expand to 100+ berths, with refueling. Residents can enjoy the Mediterranean
lifestyle, with pools, sports courts, and a unique in Montenegro golf course.
Amenities
- Furnished
- Sea view
Location
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Questions about this property
What is the price per square metre?
At 500.000 € for 49 m², this listing works out to 10.204 € per square metre. Compare it with the city average in the market card on this page.
Which floor is it on, and is there a lift?
The property is on floor 1. No information about a lift was provided.
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 listing is active and the property is for sale. Contact the advertiser to confirm the latest status.