Area
360 м2
Bedrooms
5
Hotel in Ulcinj. City - Kruce
description
A mini hotel in Kruč with sea views, not far from the beach with spacious parking.
House area - 360 m2
Plot area - 220 m2
1 floor - storage room, apartment for service personnel, large apartment for the future owner or for rent, laundry, spacious terrace with sea views. There is also a billiard table on the ground floor.
2nd floor - restaurant, which consists of an enclosed and open part (terrace) and kitchen;
3 floor - 5 apartments for rent. A total of 11 beds (2 double and 9 half beds). Each apartment has kitchens, air conditioning, bathroom, balcony.
From each floor of the hotel there is a beautiful view of the sea and mountains.
A big plus is a large parking for 10 cars in front of the hotel.
Distance to the beach - 300 m
The hotel is working and has its own permanent clientele.
Price - 285,000 euros
Additional details
Property type
Commercial
Number of rooms
5
Object type
Hotel
Price
318 202 $
Characteristics
Sea View
FAQ
In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Kruce; 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 Kruce 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 (318 202 $) 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 Kruce: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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