Property Abroad

Montenegro

Budva

Petrovac

Hotel

Hotel 480 м² in Petrovac, Montenegro

792 041 $

1 650 $ /м²

4OcjI

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #1

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #2

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #3

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #4

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #5

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #6

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #7

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #8

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Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #10

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #11

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #12

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Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #20

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Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #22

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #23

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #24

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #25

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #26

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Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #34

Hotel 480m² in Montenegro, Petrovac. Priced at 682500€ rent photo- #35

Area

480 м²

Mini-hotel for renovation

The mini-hotel is located near the bus station, some 50 meters above. It has 4 levels of 120m2, a total of about 480m2

The ground floor has 2 bedrooms, bathroom, living room and kitchen.

1st and 2nd floors are identical with 2 rooms and two apartments per floor.

The building has 11 bathrooms in total.

All rooms and apartments have a sea view.

3 floors plus attic has 2 rooms small kitchen and large roof terrace!

In front of the house is a large lawn and behind a large terrace and vineyard. Forest and greenery are around.

Total 782 m2 plus 250 m2 of parking space for 10 vehicles

Distance from the sea about 800m

Possibility of upgrading or expanding the building

Possibility of breaking through a separate road from the highway.

The building is for renovation or demolition.

Additional details

Property type

Commercial

Floor

Object type

Hotel

Price

792 041 $

Land area

739

Distance to key points, m

To sea 800

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Petrovac; 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 Petrovac 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 (792 041 $) 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 Petrovac: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).