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AI Summary

A luxurious commercial property with an area of 317 m² in the heart of Budva offers unique investment opportunities just 300 meters from the Adriatic Sea. The building features 9 spacious bedrooms, 4 cozy living rooms, a functional kitchen, and 4 bathrooms, complemented by scenic balconies. This is an ideal option for creating a high-yield hotel or luxury apartments in one of Montenegro's most popular tourist centers.

No. 2267

Hotel in the center of Budva No. 2267

Budva · Budva Riviera
€1,100,000

Details

Area
317 m²
Bedrooms
9
Bathrooms
9
Floor
2/2
Year built
2019
Parking
Yes
To sea
300 m
Price per m²
€3,470

Description

An elegant boutique hotel is for sale in the very heart of the Montenegrin resort town of Budva, a center of tourism that attracts travelers from all over the world year-round. This refined hotel offers a unique combination of style, comfort, and high-quality service, meeting the standards of a 4-star establishment.

With a total area of 317 m² and located just 300 meters from the sea, the hotel features 9 rooms, including 6 standard rooms and 3 apartments, providing exceptional comfort and convenience for guests. On the ground floor there is a restaurant for hotel guests and a reception desk, making the stay even more pleasant and convenient.

The hotel’s interior design was created by a renowned Serbian designer who, with refined taste and attention to detail, transformed each space into a work of art, creating a unique atmosphere of luxury and comfort.

The hotel infrastructure also includes 5 parking spaces for guests, its own laundry, and a separate apartment for staff accommodation, adding convenience for both guests and owners.

This boutique hotel is an ideal business for those who wish to run a business in Montenegro, combining the opportunity for a profitable investment and living in one of the most picturesque corners of Europe.

Amenities

Mountain viewIntercomAir conditioningParkingReceptionTerrace

Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price
€1,100,000
Property transfer tax
€58,000
€4,500 (3% × 150,000) + €17,500 (5% × 350,000) + €36,000 (6% × 600,000)

Notarial deed details

Buyers
1
Sellers
1

By default the notary fee assumes a two-party deal (1 seller and 1 buyer) without a court interpreter, with the notary filing the cadastre application. Each party beyond two adds 5% of the tariff, each interpreter adds €15, and 21% VAT is charged on the full amount. Not included: work outside office hours, at weekends or on public holidays (+25%, at least €50), the notary travelling to you (+€35 per started hour plus travel costs), powers of attorney (€60 + VAT each). The notary may use the property's market value if the contract price is lower.

Possible additional costs (not in the total)

Government fees

  • Cadastre registration of title (state fee)from €30
  • Title sheets (listovi) for the dealfrom €7
Total required costs€59,637
Estimated costs to purchase the propertyTotal: €1,159,637

Location

What's nearby

  • SchoolE-Gimnazija857 m
  • Kindergarten46 m
  • GroceriesIDEA99 m
  • PharmacyAlthaea158 m
  • HospitalDom zdravlja661 m
  • RestaurantBalkan64 m
  • Bus stopSlavija130 m
  • ATM157 m
  • AirportTivat Airport16.3 km
  • PortMarina Budva1.2 km
  • Sea300 m

Frequently asked questions

Yes. Foreign nationals can buy apartments and houses in Montenegro on the same terms as citizens, with full ownership rights. Restrictions apply only to certain agricultural and undeveloped land, which foreigners usually acquire through a Montenegrin company. We handle the entire legal process.
Buying costs depend on the property. Montenegro’s real-estate transfer tax is progressive — the rate depends on the value — and newly built homes are subject to VAT on the first sale. Add notary, registration and optional lawyer fees. The easiest way to get an exact figure for this property is our purchase-cost calculator.
This property is about 300 m from the sea.
Montenegro’s coast has strong seasonal short-term demand and growing long-term demand from people relocating. Actual returns depend on location, furnishing and management — ask us for a projection for this specific property.
Under the new law, a property purchase supports a temporary residence permit only if the property is residential and worth at least €150,000. The rules change periodically, so confirm the current requirements with us.

Calculate mortgage

Beta · still being polished
Property price
€1,100,000
yrs
5 yrs30 yrs
%
3%9%

Bank rates

Beta · still being polished
CKB Bank
CKB Bankbest
fixed for 5 years · 7 days
5.9%
€5,472/mo
NLB Banka
NLB Banka
variable Euribor + 4.2% · 10 days
6.3%
€5,651/mo
Erste Bank
Erste Bank
fixed for 3 years · 14 days
6.5%
€5,741/mo
Monthly payment
€5,082
Over 240 months · at 5.0% p.a.
63%principal
Loan amount€770,000
Total interest€449,598
Loan amount
€770,000
Total interest
€449,598
Total payment
€1,219,598

Want to know how much you can actually get approved for?

< 1 minNo obligation3 banks at once

Rates shown as "from". Final offer depends on your credit profile and the bank's conditions.

€1,100,000
€3,470/m²No. 2267