Urgent sale of a mini-hotel in a Bar (Shushan) — 1,200,000 euros
For sale a four-storey mini-hotel in the popular area of Shushan, Bar, Montenegro. This unique facility, located in the green belt, offers excellent opportunities for both personal living and a successful hotel business.
Property parameters:
Price: 1,200,000 euros
The area of the house: 709 m2
Land area: 862 m2 (consists of two plots — 448 m2 and 414 m2)
Number of floors: 4 floors
Number of apartments: 12 two-room and 4 one-room apartments, each with kitchen, amenities, furniture and air conditioning
Additional facilities: recreation area with a pool with hydromassage, sauna, utility blocks, garage
Communications: urban water supply, electricity supply, sewerage, backup pumping system with a 20 m3 reservoir, groundwater drainage
Infrastructure and amenities
On the ground floor of the hotel there is a relaxation area with a mini pool and sauna, as well as three fully equipped apartments. Each subsequent floor includes from 3 to 4 apartments with amenities, kitchens, air conditioning and satellite TV. The hotel is equipped with a modern climate control system based on DAKINE inverter split systems, a system of water heating and dehumidification in the indoor pool. All apartments are made with full interior and exterior finishes, plastic double-glazed windows are installed.
There is a permit for the construction of an additional facility with an area of 414 m2 on the site, which makes it possible to expand the business.
Sights and features of the area
Shushan is a quiet and green area of the city of Bar, known for its tranquility and natural landscapes. The beach is just a 5-10 minute walk away, where you can enjoy the clear waters of the Adriatic Sea. The terraces of each apartment offer magnificent views of the mountains and the sea. The area is perfect for both living and tourism business, due to its proximity to the historical and natural attractions of the Bar and the surrounding area.
Economic attractiveness
The hotel in the Bar is a great investment opportunity for those who want to go into the hotel business. Due to the high tourist demand for apartment rentals in Montenegro, especially during the holiday seasons, a mini-hotel in such an area can bring a stable income. In recent years, the real estate market in Montenegro has shown steady growth, especially in the coastal regions. Over the past five years, real estate prices in the Bar and its surroundings have increased by 7-12%, which makes buying a property here a profitable investment.
In addition, the purchase of real estate in excess of 250,000 euros entitles you to obtain a residence permit (residence permit) in Montenegro, which opens up additional opportunities for homeowners.
