Hotel for sale 230m2 in a Bar, Montenegro

In the resort part of the coastal town, just 230 meters from the seashore, there is a three-level residential building with a wide range of commercial use opportunities. Due to its location and architectural characteristics, the facility is ideal for both organizing a mini-hotel and creating a family residence with business elements. The site with a permit for further construction makes this proposal particularly promising from an investment point of view.

The total area of the plot is 614 square meters. The main building and an additional commercial space with a gallery of 40 square meters have already been erected on the territory, which can be converted into a cafe or a catering point. According to the urban planning conditions, construction of up to seven floors with a total area of up to 1,000 square meters is allowed on the site, which provides opportunities for further development of the project.

The first level includes a 25-square-meter studio space with its own kitchen and bathroom, as well as a 20-square-meter garage. There are identical living spaces on the second and third levels.: three bedrooms, a living room, a kitchen with a dining area, a bathroom, a pantry and three spacious terraces of 100 square meters each with views of the surrounding area.

The building is located in an area with a convenient paved driveway without slopes, which is especially convenient for guests and makes it easy to arrange parking. The area has a well-developed infrastructure, walking distance to shops, cafes and the beach, as well as high tourist potential, which ensures constant demand for rental during the season.

The cost of the facility is 400,000 euros. Given its location, operational readiness, commercial space and expansion opportunities, this project is a good combination of real estate for living and doing business in one of the most attractive areas of the coast.