Urgent sale of a hotel in Melina (Herceg Novi) — 750,000 euros
For sale is a functioning modern guest house "Zvezda Meljine" in the popular resort area of Meljine, Herceg Novi. The hotel is located just 120 meters from the beach and is an excellent investment property with high rental potential. The land area is 476 m2, and the total area of the buildings is 302 m2, which provides an opportunity for expansion.
The main parameters of real estate
Property type: guest house/mini-hotel
Land area: 476 m2
Total area: 302 m2
Additional room: basement of 40 m2
Number of parking spaces: 9
Price: 750,000 euros
Distance from the beach: 120 m
Description of the object
The Zvezda Meljine Guest House is a three-level building with a spacious territory planted with citrus trees. Parking for 9 cars is provided on the site, which is important for the convenience of guests.
The first level includes a large guest kitchen, an office, two bedrooms, a bathroom and three terraces.
The second and third levels have the same layout: one spacious apartment with a terrace and three separate rooms with balconies. Each room has its own shower and toilet.
The hotel is equipped with everything necessary for a comfortable stay and is ready to receive tourists all year round.
Investment prospects
The Zvezda Meljine Guest House has a number of advantages for investors. The object can bring a stable income from daily rent, especially in high season. The proximity to popular tourist destinations such as Herceg Novi, as well as to the international airports of Tivat (20 km) and Dubrovnik (29 km), makes it attractive for foreign visitors.
There are opportunities for further expansion: you can complete another floor or divide the building into separate apartments for subsequent sale by floor or apartment.
Real estate market and rental potential
The cost of renting rooms in Herceg Novi is steadily increasing due to an increase in the tourist flow. The rent of rooms in hotels and guest houses in the coastal area in high season reaches 70-150 euros per day, which ensures high profitability.
The market value of a square meter of housing in this area varies from 1,800 to 2,500 euros, depending on the proximity to the sea and the level of finishing of the object. This makes this hotel promising for resale or partial sale on separate premises.
Advantages of obtaining a residence permit in Montenegro
Buying real estate in Montenegro makes it possible to obtain a temporary residence permit (residence permit). This allows the owner of the property and his family to live in the country legally, as well as to travel freely in the countries of the Schengen area for 90 days in six months. An additional advantage is the favorable tax regime and the absence of inheritance tax.
Conclusion
Zvezda Meljine Guest House is a ready—made business with the possibility of obtaining a stable rental income in a popular tourist area of Montenegro. The unique location 120 meters from the beach, convenient infrastructure and the possibility of expansion make this property ideal for investors interested in profitable real estate in the Adriatic coast region.
