12 bedrooms Commercial property for sale in Herceg Novi, Montenegro by Montenegro Properties No. 66861

Property description

Lovely waterfront apart hotel near Portonovi complex, Djenovici, Herceg Novi

Beautiful waterfront apart hotel in Djenovici, Montenegro near Kumbor and Herceg Novi. Excellent opportunity to purchase one-of-a-kind commercial frontline property in the vicinity of planned Portonovi development.

Size of the hotel: is 450m2, with a plot of 160m2. There is a terrace of 61m2 in front of the hotel.

Hotel consist of:

9 spacious apartments (6 double beds and 3 apartments with two rooms)

Cafe-bar/restaurant with a kitchen on the ground floor

Reception area

Utility room on the ground floor

Terrace (used for the cafe-bar)

Phone line, internet and satellite TV are available in the hotel.

Additional opportunities to expand the area of the hotel:

- Possibility to build additional 70m2 (or 4 apartments)

- Attic area could be reconstructed to accommodate a 80m2 penthouse

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Parameters	Herceg Novi
Rent Per Month
Apartment (1 bedroom) in City Centre	$ 743.24
Apartment (1 bedroom) Outside of Centre	$ 548.32
Apartment (3 bedrooms) in City Centre	$ 1 267.88
Apartment (3 bedrooms) Outside of Centre	$ 929.05
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	$ 3 115.05
Price per Square Meter to Buy Apartment Outside of Centre	$ 2 377.27

Parameters	Herceg Novi
Crime Index	16.69
Cost of Living and Rent Index	29.51
Purchasing Power Index	55.31
Restaurant Price Index	38.85
Property Price to Income Ratio	16.75
Climate Index	89.39
Safety Index	83.31
Cost of Living Index	39.50
Rent Index	16.99
Groceries Index	37.77
Pollution Index	20.69

Parameters	Herceg Novi
Restaurants
Meal, Inexpensive Restaurant	$ 9.73
Meal for 2 People, Mid-range Restaurant, Three-course	$ 35.52
McMeal at McDonalds (or Equivalent Combo Meal)	$ 8.74
Domestic Beer (0.5 liter draught)	$ 2.73
Imported Beer (0.33 liter bottle)	$ 2.73
Coke/Pepsi (0.33 liter bottle)	$ 2.12
Water (0.33 liter bottle)	$ 1.38
Cappuccino (regular)	$ 2.00
Markets
Milk (regular), (1 liter)	$ 1.29
Loaf of Fresh White Bread (500g)	$ 0.95
Eggs (regular) (12)	$ 3.01
Local Cheese (1kg)	$ 8.32
Water (1.5 liter bottle)	$ 0.73
Bottle of Wine (Mid-Range)	$ 5.46
Domestic Beer (0.5 liter bottle)	$ 1.03
Imported Beer (0.33 liter bottle)	$ 1.73
Cigarettes 20 Pack (Marlboro)	$ 3.55
Apples (1kg)	$ 1.20
Chicken Fillets (1kg)	$ 7.07
Oranges (1kg)	$ 1.44
Potato (1kg)	$ 0.96
Lettuce (1 head)	$ 1.46
Rice (white), (1kg)	$ 2.26
Tomato (1kg)	$ 2.42
Banana (1kg)	$ 1.67
Onion (1kg)	$ 1.06
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	$ 10.65
Transportation
One-way Ticket (Local Transport)	$ 1.09
Monthly Pass (Regular Price)	$ 55.74
Gasoline (1 liter)	$ 1.63
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	$ 27 324.97
Taxi Start (Normal Tariff)	$ 0.66
Taxi 1km (Normal Tariff)	$ 0.77
Taxi 1hour Waiting (Normal Tariff)	$ 9.29
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	$ 20 766.98
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	$ 114.76
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	$ 26.78
	$ 15.74
Salaries And Financing
Average Monthly Net Salary (After Tax)	$ 819.75
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.00
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	$ 54.65
Tennis Court Rent (1 Hour on Weekend)	$ 10.93
Cinema, International Release, 1 Seat	$ 5.46
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	$ 74.54
1 Summer Dress in a Chain Store (Zara, H&M, ...)	$ 32.79
1 Pair of Nike Running Shoes (Mid-Range)	$ 71.04
1 Pair of Men Leather Business Shoes	$ 92.90
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	$ 295.11
International Primary School, Yearly for 1 Child	$ 5 282.83

12 bedrooms Commercial property in Herceg Novi, Montenegro No. 66861

Property description

Features