Property Abroad

Montenegro

Budva

Petrovac

Hotel

Hotel 700 м² in Petrovac, Montenegro

745 000 $

1 064 $ /м²

4OdrM

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #1

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #2

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #3

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #4

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #5

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #6

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #7

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #8

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #9

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #10

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #11

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #12

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #13

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Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #17

Hotel 700m² in Montenegro, Petrovac. Priced at 745000$ rent photo- #18

Area

700 м²

Bedrooms

Bathrooms

Small hotel for sale with a beautiful sea view

This attractive small hotel for sale is located in Petrovac, in the Budva municipality. Petrovac is a beautiful little city on the Montenegrin coast and is ideal for family holidays. Lucice Beach, Buljarica Beach, and central Petrovac Beach, with the fine reddish pebbles, are three perfect places for an excellent summer vacation.

The 19-room hotel with 700m2 of living space is located on the hill, allowing most apartments astonishing sea views. Part of the apartments are studios, and part is standard one-bedroom apartments. All apartments are furnished and air-conditioned, and all units feature a kitchenette fitted with a refrigerator, stovetop, and kettle. Every unit features a private bathroom with a shower.

Located in Prijevorac, a Petrovac borough, within a 15-20 minutes walking distance from the city center and its beach, the hotel has small village privacy and all the city benefits. Lucice, the closest beach, has an advantage over the overcrowded one in Petrovac not only by the number of visitors and by prices but also by the sea water clearness. You will pass a great olive grove on your 7-8-minute walk to the beach. Those not afraid of long distances can visit an even less crowded Buljarica beach over the hill.

This property can be used as a hotel, but it could be interesting for some investors to reconstruct the building into separate apartments and put them on the market for further sale. The property prices in this part of the Adriatic riviera are continuously rising, which can be an excellent investment opportunity for the future owners of this hotel.

The property has an excellent location, only 29km from Tivat airport and 37km from Podgorica airport, while Kotor Old Town is 29 km from the hotel.

If you think this property is an excellent choice for your investment, feel free to contact us for more information.

Property features
* Air-conditioning
* Furnished
* Mountain view
* Parking
* Peaceful area
* Sea View
* Tourism
* Untouched nature

Services and facilities

Air conditioner

Furniture

Additional details

Property type

Commercial

Object type

Hotel

Price

745 000 $

Characteristics

Air conditioner

Furniture

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 (745 000 $) 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).