House 960 м² in Kotor, Montenegro

ID 4OdIR

Area: 960 m²
Bedrooms: 17
Bathrooms: 19

Description

Other attractions in Kotor. City - Kotor

A ready-made business - an operating hotel with a restaurant in a unique location - just a few steps from the Old Town of Kotor. The hotel was built in 2013 and is under UNESCO protection. The hotel covers an area of 960 m2; the building consists of a basement, 3 above-ground floors, and an attic. There are 17 rooms/apartments with a total of 43 sleeping places. The basement features a laundry room, a high-quality kitchen, and accompanying elements made from premium materials, an elevator from the kitchen to the restaurant, which includes a beverage storage area that could be converted into a mini spa. There are changing rooms and storage for staff belongings. On the first floor, you will find the reception, a luxurious restaurant, a staff room, an office, and a fully equipped room for video surveillance. The elevator has a capacity of 800 kg, suitable for 4 or more people. The upper floors house rooms with a 4-star hotel status and stunning views of the Bay of Kotor and the Old Town of Kotor. The hotel is equipped with the latest heating, cooling, and other technologies. The hotel is sold with furniture and all equipment.

Characteristics

Property type: Residential Properties
Object type: House
Price: 3 693 688 $
Land area: 241 m²

Services and facilities

Lift
Heating system
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 Kotor; 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 Kotor 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 (3 693 688 $) 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 Kotor: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).