Property Abroad

Montenegro

Bar

Sutomore

Hotel

Hotel 252 м² in Sutomore, Montenegro

341 756 $

1 356 $ /м²

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Hotel 252m² in Montenegro, Sutomore. Priced at 299000€ rent photo- #1

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Hotel 252m² in Montenegro, Sutomore. Priced at 299000€ rent photo- #27

Area

252 м²

Bedrooms

Hotel, accommodation in Bar. City - Sutomore

Mini-hotel, located in Sutomore, with a total area of 252 m2, without terraces, on a plot of 540m2.

The number of apartments - 9

On the ground floor there are 4 apartments, 2 apartments - 5 local, 2 apartments - 2 beds, summer kitchen in a separate one-storey room.

On the 2nd floor there are 5 apartments and a small kitchen. Each apartment has a sanitary unit with shower, terrace, equipped with a refrigerator, air conditioning, TV. The house is completely fenced, a large yard for parking cars.

On the site are also planted fruit trees, apple trees, pears, figs, grapes. Lots of colors.

The house has a building permit, built 10 years ago, one owner.

The place is quiet, plain, to the nearest beach 600m, to a large sandy beach 900m.

Additional details

Property type

Commercial

Number of rooms

Object type

Hotel

Price

341 756 $

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Sutomore; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Montenegro finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Montenegro takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Sutomore short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (341 756 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Sutomore: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).