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Global Properties

Hotel in Budva, Montenegro No. 1651

$ 1 285 240
12.11.2025 $ 1 285 240
Budva, Montenegro
Red Panda Properties
Red Panda Properties
Contact seller
Parameters
ID
1651
Type
Hotel
Land area, m²
506
Property description
Budva is a popular tourist area. The current hotel has 12 rooms

The distance to the sea is 650m.

Year of construction 2002

The hotel is in perfect working condition and does not require investments

View of the city

There are five floors

Private parking

There are 13 bathrooms

Guest toilets - 2

The area is 506 sq.m.

The plot area is 233 sq.m.

Energy consumption class – "B"

The hotel is sold fully furnished and ready to welcome guests

The hotel is open all year round.…

Rooms are in demand both during the tourist season and in the off–season - due to the location of the hotel, which has all the urban infrastructure in its surroundings, and proximity to the sea. The flow of customers is provided by tourist portals, with which the hotel has been working continuously since 2002

The infrastructure of the hotels location ensures its popularity with tourists from all over Europe. In addition, this location is popular with locals who appreciate the comfort of the urban environment and the peaceful privacy that is available on this quiet street, near the city center

Structure:

- The courtyard of the hotel is protected by wild grapes and trees, it is a shady place for a relaxing holiday in the summer heat

- Ground floor: utility room, laundry room, warehouse, wine cellar. On the ground floor there is an opportunity and potential for the organization of a restaurant and a spa area

- Second floor: reception, kitchen, gym, one bathroom, two toilets. The gym, if desired, can be converted into a restaurant or other needs of the hotel

- The third, fourth and fifth floors each have four apartments with a private bathroom and a kitchenette

For guests:

- all rooms have balconies with mountain and city views

- free Wi-Fi

- air conditioning in all rooms

- TV, refrigerator, safe, electric kettle and dining table, hair dryer

- additional sets of bed linen

Due to its convenient location, low overhead costs, and high rental potential, this hotel has excellent financial performance, and is a wonderful example of an opportunity for a successful business investment

On the tourist portals that the hotel works with to attract tourists – this hotel has the most attractive prices

In addition, a successful location provides an opportunity – if desired by the new Owner – to convert this hotel into an apartment building for sale; or – to increase the number of hotel rooms due to available space

In any case, the choice made by the new Owner is a long–term profitable prospect.

This is an investment in your future and in the future of your children

The attractiveness of investing in real estate in Montenegro is due to the stability of passive income, rising real estate prices, increased investment in housing construction, stable valuation of assets in euro currency, obtaining a residence permit, Montenegros imminent accession to the EU, a constant increase in the flow of tourists, low (almost no) crime, ecology.

Modern Montenegro is a stable democratic state with a low inflation rate (3.4%) and one of the lowest taxes on personal and corporate income in Europe (9%). Inviolability of property rights, a zero inheritance tax rate, a low tax rate (3%) on the transfer of property rights to other persons, large tax benefits in the field of maritime tourism – these are just some of the advantages that you get here.

The Adriatic Sea is the cleanest in Europe.
You can get here by yacht – from anywhere in the world.
To any city in Europe – by plane 1-3 hours
To Italy – one night by ferry
Venice is 900 km away, or 10 hours by car

Montenegro has the official status of the most environmentally friendly country in Europe
The air temperature in summer is +27+43 degrees, in winter +15, terraces of cafes and restaurants are open all year round

You will find the cleanest beaches with a variety of services, with bars and restaurants, two international airports, architectural monuments under UNESCO protection, ski resorts and elite world–class club services for yachtsmen, as well as 290 sunny days a year, clean ecology and low cost of living, and much more…

Additional information is available upon request with the registration of the Buyer(!!!)

Any questions about price optimization, payment procedure, and others are decided only by the Seller, at a personal meeting (!!!)
Features
Features
  • Fully furnished
Indoor facilities
  • Elevator
Outdoor features
  • Car park
  • Swimming pool
Statistics Budva
$ 4 208
Price per m²
163
Quality of Life Index
49
Cost of living Index
Parameters
[:second_city:]
Budva
Difference
Monthly Rent Cost
1-Room Apartment
$ 850
2-Room Apartment
$ 557
Apartment Purchase Price per m²
In the City Center
$ 4 208
Outside the City Center
$ 3 127
Crime Index
26
Cost of Living and Rent Index
37
Purchasing Power Index
57
Property Price to Income Ratio
17
Safety Index
74
Traffic CO₂ Index
0
Traffic Inefficiency Index
5
Rent Index
22
Health Care Index
51
Groceries Index
43
Pollution Index
25
Traffic Commute Time Index
17
Restaurant Price Index
56
Climate Index
90
Cost of Living Index
49
Quality of Life Index
163
Traffic Index
23
Restaurants
Meal, Inexpensive Restaurant
$ 14.61
Meal for 2 People, Mid-range Restaurant, Three-course
$ 66.62
McMeal at McDonalds (or Equivalent Combo Meal)
$ 11.69
Domestic Beer (0.5 liter draught)
$ 3.51
Imported Beer (0.33 liter bottle)
$ 3.80
Coke/Pepsi (0.33 liter bottle)
$ 2.03
Water (0.33 liter bottle)
$ 1.36
Cappuccino (regular)
$ 3.21
Markets
Milk (regular), (1 liter)
$ 1.27
Loaf of Fresh White Bread (500g)
$ 1.08
Eggs (regular) (12)
$ 3.20
Local Cheese (1kg)
$ 9.06
Water (1.5 liter bottle)
$ 1.19
Bottle of Wine (Mid-Range)
$ 6.43
Domestic Beer (0.5 liter bottle)
$ 1.18
Imported Beer (0.33 liter bottle)
$ 1.79
Cigarettes 20 Pack (Marlboro)
$ 4.44
Apples (1kg)
$ 1.40
Chicken Fillets (1kg)
$ 9.60
Oranges (1kg)
$ 1.66
Potato (1kg)
$ 0.96
Lettuce (1 head)
$ 1.76
Rice (white), (1kg)
$ 2.31
Tomato (1kg)
$ 3.15
Banana (1kg)
$ 1.78
Onion (1kg)
$ 1.26
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
$ 13.15
Transportation
One-way Ticket (Local Transport)
$ 2.92
Monthly Pass (Regular Price)
$ 40.91
Gasoline (1 liter)
$ 1.74
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
$ 30 390
Taxi Start (Normal Tariff)
$ 1.17
Taxi 1km (Normal Tariff)
$ 1.17
Taxi 1hour Waiting (Normal Tariff)
$ 17.53
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)
$ 26 883
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
$ 160
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
$ 34.16
Mobile Phone Monthly Plan with Calls and 10GB+ Data
$ 16.71
Salaries And Financing
Average Monthly Net Salary (After Tax)
$ 1 057
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
6%
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
$ 54.06
Tennis Court Rent (1 Hour on Weekend)
$ 22.50
Cinema, International Release, 1 Seat
$ 5.84
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
$ 110
1 Summer Dress in a Chain Store (Zara, H&M, ...)
$ 46.75
1 Pair of Nike Running Shoes (Mid-Range)
$ 96.43
1 Pair of Men Leather Business Shoes
$ 187
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
$ 419
International Primary School, Yearly for 1 Child
$ 10 169
Red Panda Properties
Red Panda Properties
Contact seller
Red Panda Properties
Red Panda Properties
Contact seller

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