Hotel in Bar, Montenegro, 700 sq.m

ID-1760

Apart-hotel with an area of more than 700 m2 in Bar is for sale.

Bar, Shushan, 5 minutes walk from the beach and the city promenade.
Consists of 9 apartments (4 studios + 5 one-bedroom apartments), mini SPA with sauna, swimming pool, two large terraces.
The apart-hotel will be put into operation in 2023.
The hotel is used for both daily rentals and long-term rentals.
The property is registered in the Central Tourist Register (CTR) and has an officially assigned 4 star category.
It was built in compliance with all legislative and urban planning standards, has a full package of documentation and all properly registered connections to the infrastructure.
The hotel is registered on and has a score of 9.8.
The seller is ready to take over the management of the hotel and guarantee a return of 7% per annum to the buyer for 3 years after purchasing the property

Cost 1,380,000 euros