Other Properties 267 м² in Stari Bar, Montenegro

1 185 043 $

4 438 $ /м²

4OdXy

Other Properties 267m² in Montenegro, Stari Bar. Priced at 1000000€ rent photo- #1

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Other Properties 267m² in Montenegro, Stari Bar. Priced at 1000000€ rent photo- #3

Other Properties 267m² in Montenegro, Stari Bar. Priced at 1000000€ rent photo- #4

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Other Properties 267m² in Montenegro, Stari Bar. Priced at 1000000€ rent photo- #6

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Other Properties 267m² in Montenegro, Stari Bar. Priced at 1000000€ rent photo- #9

Area

267 м²

Bedrooms

Bathrooms

Commercial place/mini-hotel for sale in the heart of the Old Town of Kotor

This commercial place/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 under the protection of UNESCO as a world cultural and natural heritage, with beautiful stone houses, churches, towers, squares, and fountains behind the walls of the city fortress. The old town of Kotor is one of the most important ports and shopping centers on the Adriatic, known as the city of museums, sights, culture, and architecture.

The old nucleus of Kotor today is considered to be the best-preserved medieval urban entity in the Mediterranean.

This property consists of two separate apartments, on two floors of the building, and now is in function as a small hotel.

The size of the apartment on the first floor is 123m2 and it has 5 double bedrooms, 3 bathrooms, a shared kitchen, and a hallway. Another space (144m2) is on the second floor, with four apartments with their own bathrooms, shared kitchen and dining area, living room, and a hallway.

All apartments are fully furnished, with modern equipment and all necessary amenities, and provide excellent conditions for a comfortable family living, but also have excellent potential for rent as hotel space.

All rooms are airconditioned.

In terms of connections with important waterways, roads, and airports, the Port of Kotor is located just across from the Old Town, and less than 10km separates this facility from Tivat Airport and Porto Montenegro Marina for superyachts. In the heart of the Old Town, close to popular restaurants and shops, this property is an ideal opportunity for you.

You can call us or send us an e-mail so that together we can go deeper into the information you need to become the owner of this property.

Property features
* Air-conditioning
* Alarm system
* Central Heating
* Cultural heritage site
* Furnished
* Tourism

Services and facilities

Air conditioner

Furniture

Additional details

Property type

Commercial

Object type

Other Properties

Price

1 185 043 $

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 Stari Bar; 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 Stari Bar 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 (1 185 043 $) 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 Stari Bar: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).