Commercial place/mini-hotel for sale in the heart of the Old Town of Kotor
This commercial property/mini-hotel for sale is located in the heart of the Old Town of Kotor, near the main city square.
The old town of Kotor is protected by UNESCO as a world cultural and natural heritage site, featuring beautiful stone houses, churches, towers, squares, and fountains behind the walls of the city fortress. Kotor's old town is one of the most important ports and shopping centers on the Adriatic, known as the city of museums, landmarks, culture, and architecture.
The old core of Kotor is now considered the best-preserved medieval urban entity in the Mediterranean.
This property consists of two separate apartments on two floors of the building and currently operates as a small hotel.
The first-floor apartment is 123m2 and includes 5 double bedrooms, 3 bathrooms, a shared kitchen, and a hallway. The second-floor space (144m2) features four apartments, each with its own bathroom, a shared kitchen and dining area, a living room, and a hallway.
All apartments are fully furnished, equipped with modern amenities, and provide excellent conditions for comfortable family living, while also offering great rental potential as hotel space.
All rooms are air-conditioned.
In terms of connections to important waterways, roads, and airports, the Port of Kotor is located just across from the Old Town, and Tivat Airport and Porto Montenegro Marina for superyachts are less than 10km away. Situated in the heart of the Old Town, close to popular restaurants and shops, this property presents an ideal opportunity for you.
You can call us or send us an email so we can provide you with more information you need to become the owner of this property.
Property features * Air-conditioning * Alarm system * Central Heating * Cultural heritage site * Furnished * Tourism
Characteristics
Property type
Commercial
Object type
House
Price
1 000 000 $
Services and facilities
Air conditioner
Furniture
FAQ
How can I get a residence permit by buying property in Montenegro?
In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Stari Bar; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Is a mortgage available for non-residents in Montenegro?
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.
What taxes and fees apply when buying in Montenegro?
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.
How is the title checked in Montenegro?
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.
Can I rent out property after purchase in Montenegro?
Yes. Rental income tax is 5–25% depending on the regime. In Stari Bar short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (1 000 000 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Montenegro?
A typical transaction runs 30–90 days, averaging 45 in Stari Bar: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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