AI Summary

A cozy hotel with an area of 480 sq. m is for sale in picturesque Sutomore, located just 300 meters from the azure coastline. The property includes 6 spacious bedrooms, 4 living rooms, and 4 kitchens, making it an ideal option for a turnkey tourism business. This is a great offer for those looking for a profitable real estate investment right by the sea.

Mini-hotel in Sutomore No. 657

Sutomore · Bar Riviera, Sutomore, Montenegro
475 000 €
View: Mountain view

Details

Area
480 м²
Land area
350 м²
Bedrooms
6
Bathrooms
5
Parking
Yes
To sea
300 m
Price per m²
990 €

Description

Mini-hotel in Sutomore

The hotel is located in the town of Sutomore. A 4-storey apartment hotel with a green area, a subtropical garden, and a swimming pool. The hotel has a total area of 480 m2 and is situated on a plot of 350 m2.

The hotel was reconstructed in 2005. All apartments have new furniture.

On the first floor there are: a restaurant with a bar counter, a kitchen, 2 toilets, and a balcony.

On the second floor: one apartment with one bedroom and one apartment with two bedrooms.

On the third floor: one apartment with one bedroom and one apartment with three bedrooms.

On the fourth floor there is: a penthouse apartment with a total area of 130 m2.

All apartments are furnished, each apartment has a bathroom (1-2), a kitchen, and a terrace.

Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price
475 000 €
Real estate transfer tax
20 750 €
4 500 € (3% × 150 000) + 16 250 € (5% × 325 000)

Possible additional costs

  • Cadastre applicationsfrom 30 €
  • Ownership sheets (listovi) for the dealfrom 7 €
  • Sworn translator services· per contract / hourfrom 50 €
Total required costs21 708 €
Estimated costs to purchase the propertyTotal: 496 708 €

Location

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
€475,000
yrs
5 yrs30 yrs
%
3%9%

Ставки банков

Beta · still being polished
CKB Bank
CKB Bankлучшая
фикс. на 5 лет · 7 дн
5.9%
€2,363/мес
NLB Banka
NLB Banka
плавающая Euribor + 4.2% · 10 дн
6.3%
€2,440/мес
Erste Bank
Erste Bank
фикс. на 3 года · 14 дн
6.5%
€2,479/мес
Monthly payment
€2,194
Over 240 months · at 5.0% p.a.
63%тело
Loan amount€332,500
Total interest€194,145
Loan amount
€332,500
Total interest
€194,145
Total payment
€526,645

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.

475 000 €
990 €/m²657