12-room Condo Hotel for Sale in Ulcinj

Posted on May 14, 2019 / 945
Price : €1,500,000
Listing Type : Hotel
Location : Ulcinj
Status : For Sale
Size : 594 sqm
Number of Floors : 5
Age of Building : 1years
From : Real Estate Agency

This is a rare opportunity for someone wanting to own and operate a hotel business in Ulcinj, a tourist magnet with its 12-km sandy long Great Beach in southern Montenegro.
This four-star condo hotel is located in Ulcinj only 2.2 km away or walking distance to the Great Beach. All 12 apartments belonging to the hotel are fully furnished and equipped. Each individual apartment has 42, 43 or 51 square meters of surface area. The hotel has a 12×6 m swimming pool, which is rare among neighboring hotels and a choice factor for visitors. The property has all the required permits and legal paper work including a permit from Montenegro’s Ministry of Tourism to operate as a 4* condo hotel. The hotel was completed late July 2018 and was shortly open for guests during the month of August with a high rate of occupancy.
Attached to the hotel, there is a 594 m2 landplot with all permits in place to build another hotel or a residential building with draft Project with entrance floor plus four floors with base area 179.4 m2 and a total construction area of 897 m2. The specified selling price is inclusive of this landplot too.
Current owners of the hotel also offers a rental option. If you are interested to take advantage of this amazing offer, simply contact us for price information.

Interior Properties
Parquet Floor
External Properties
Cable TV
Car Park
Shopping Mall
Bus Stop
Residence Type
With Garden
Gokhan Karahan
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