Hotel in Bar, Montenegro, 743 sq.m

The object code is 1.25.17.12275

We are selling a club house - an apartment hotel with an area of more than 700 sq. m. meters.
The house is located in Bar, Shushan, a 5-minute walk from the beach and the city promenade.
Consists of:
9 apartments (4 studios + 5 one-bedroom apartments) located on 4 levels,
mini SPA with sauna,
The pool area is 50 square meters,
two large terraces for relaxing, sunbathing and BBQ,
as well as technical rooms. There is a covered parking for 4 mm, only 9 mm.
All apartments have their own terraces, 8 rooms with sea views.

The apart-hotel was put into operation in 2023.
The apartments have a high level of decoration, modern furniture and equipment, fully equipped kitchens, underfloor heating, inverter air conditioners and everything necessary for life.
The house is built using modern technologies, well insulated and finished, fully suitable for year-round living.

Currently, the hotel is used both for daily rental in the season and for long-term rental in the off-season.
The object is registered in the Central Tourist Registry (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 designed connections to the infrastructure.
The hotel is registered, has a score of 9.8 according to guest ratings and is the owner of the TR award 2023 and the status of a privileged partner.
The sale price is 1380,000 €.
The seller is ready to guarantee a yield of 7% per annum to the buyer for 3 years (total 21%) after the purchase of the object.