19 bedrooms Hotel for sale in Budva, Montenegro by Astra Real Estate No. 66949

Property description

This attractive small hotel for sale is located in Petrovac, in 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

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Parameters	Budva
Rent Per Month
Apartment (1 bedroom) in City Centre	$ 861.48
Apartment (1 bedroom) Outside of Centre	$ 631.43
Apartment (3 bedrooms) in City Centre	$ 1 717.83
Apartment (3 bedrooms) Outside of Centre	$ 1 290.10
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	$ 3 247.29
Price per Square Meter to Buy Apartment Outside of Centre	$ 2 562.23

Parameters	Budva
Crime Index	27.22
Cost of Living and Rent Index	34.12
Purchasing Power Index	47.42
Property Price to Income Ratio	17.94
Safety Index	72.78
Traffic CO₂ Index	0.00
Traffic Inefficiency Index	6.30
Rent Index	22.03
Health Care Index	48.24
Groceries Index	39.30
Pollution Index	24.88
Traffic Commute Time Index	20.00
Restaurant Price Index	48.11
Climate Index	89.65
Cost of Living Index	43.72
Quality of Life Index	155.64
Traffic Index	26.98

Parameters	Budva
Restaurants
Meal, Inexpensive Restaurant	$ 14.02
Meal for 2 People, Mid-range Restaurant, Three-course	$ 59.34
McMeal at McDonalds (or Equivalent Combo Meal)	$ 9.71
Domestic Beer (0.5 liter draught)	$ 3.24
Imported Beer (0.33 liter bottle)	$ 2.16
Coke/Pepsi (0.33 liter bottle)	$ 2.07
Water (0.33 liter bottle)	$ 1.36
Cappuccino (regular)	$ 2.60
Markets
Milk (regular), (1 liter)	$ 1.36
Loaf of Fresh White Bread (500g)	$ 1.09
Eggs (regular) (12)	$ 2.96
Local Cheese (1kg)	$ 8.02
Water (1.5 liter bottle)	$ 0.89
Bottle of Wine (Mid-Range)	$ 7.01
Domestic Beer (0.5 liter bottle)	$ 1.15
Imported Beer (0.33 liter bottle)	$ 1.65
Cigarettes 20 Pack (Marlboro)	$ 4.10
Apples (1kg)	$ 1.29
Chicken Fillets (1kg)	$ 7.61
Oranges (1kg)	$ 1.45
Potato (1kg)	$ 1.09
Lettuce (1 head)	$ 1.63
Rice (white), (1kg)	$ 2.26
Tomato (1kg)	$ 2.76
Banana (1kg)	$ 1.85
Onion (1kg)	$ 1.42
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	$ 11.26
Transportation
One-way Ticket (Local Transport)	$ 2.16
Monthly Pass (Regular Price)	$ 37.76
Gasoline (1 liter)	$ 1.63
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	$ 28 049.64
Taxi Start (Normal Tariff)	$ 1.08
Taxi 1km (Normal Tariff)	$ 1.08
Taxi 1hour Waiting (Normal Tariff)	$ 16.18
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)	$ 24 813.15
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	$ 140.62
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	$ 30.79
	$ 17.14
Salaries And Financing
Average Monthly Net Salary (After Tax)	$ 809.66
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	5.93
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	$ 53.79
Tennis Court Rent (1 Hour on Weekend)	$ 22.30
Cinema, International Release, 1 Seat	$ 5.39
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	$ 107.88
1 Summer Dress in a Chain Store (Zara, H&M, ...)	$ 44.95
1 Pair of Nike Running Shoes (Mid-Range)	$ 110.20
1 Pair of Men Leather Business Shoes	$ 188.80
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	$ 386.58
International Primary School, Yearly for 1 Child	$ 9 385.84

19 bedrooms Hotel in Budva, Montenegro No. 66949

Property description

Location

Features