Large hotel for sale in Budva

, Montenegro [ref: 8239]

€ 7,500,000
(£ 6,525,000)
Large hotel for sale in Budva

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Property Details

Location: budva



Size: 2142 sq m

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Property Description

The hotel is located very close to the sea and Slovenska Plaza complex.
The land is 2.665 sq m in total of which parking is approximately 2000 sq m. The hotel is 612 sq m in footprint and 2.142 sq m. All taxes and city charges are paid for the hotel.

It comprises at the moment:

– restaurant with kitchen and storage : 450,00 m2.

– reception area : 38,00 m2.

– 44 double rooms, accommodation for 88 people

– 5 apartments that can accommodate 15 people.

In total there are 49 rooms + 1 office.

Planning details: 

New General and Detail Plan allows building of the hotel with 8 levels (including the garage), with the density of 51 % and building index of 3.55. It is possible to build up to 10.990 sq m.

The planned number of beds is 275.

There is a concept design for a 4 star hotel on this location.