Boutique hotel in Petrovets with sea view, 700 м²

Property number: 1561

1 600 000 €

Description

A boutique hotel in the picturesque Petrovac, located on the Budva Riviera, is offered for purchase.
The total area of the building is 700 m2, and the area of the adjacent plot is 500 m2. A distinctive feature is a magnificent panoramic view of the sea coast.
The three-storey building is ready for final finishing. Plastering works have been completed, sound and heat insulation has been provided.
All necessary communications have been supplied, a floor heating system has been installed on the first floor, as well as a cooling system.
A restaurant is planned for the first floor.
The room stock includes six apartments on the first floor, four on the second and two spacious apartments on the third.
The basement provides space for a sauna, storage needs, laundry and a gym.
There is an outdoor swimming pool on the plot
The project was originally conceived as a boutique hotel, but the property can be adapted to other needs and preferences of the owner.
The cost of the property in the current state of construction is 1,600,000 euros. The price with turnkey finishing is 1,900,000 euros.
Distance to the sea is 3 kilometers.
The hotel has high rental potential, providing a stable income.
Start your tourism business in Montenegro! It is also a great place for permanent residence and family vacations.