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Business apart hotel in the center of Budva

ID
16505
Land Price, EUR
4
Detailed Urban Plan (DUP)
Master Plan Approval
Net profit - investor, EUR
900 000
PAYBACK PERIOD, years
1
Disount rate
6
Total revenue - investor, EUR
417
Local Area Study (LAS)
Community charges paid

Running business apart hotel in the center of touristic city of Budva.

The hotel is superbly located. It is only 250 m to the beach, 500m to the Old Town, 400m to the bus station, 20km to the Tivat airport, 50 km to the Podgorica airport. Eco market, post office, restaurants, shopping center, supermarkets, pharmacy, banks, boutiques are in walking distance. There are children playground, big city park with tennis courts and diving center in close vicinity.

Apart hotel includes 7 apartments completely ready to rent.

There are 3 types of apartments.

Type 1 – 1 bedroom apartment with living room, kitchen, bathroom and 2 terraces.

Number

Area, sq m

Floor

PD 4

62

2

PD 5

57

2

PD 6

62

3

PD 7

57

3

 

Type 2 – 1 bedroom duplex apartment with living room, kitchen, gallery with extra bed, bathroom and big terrace.

Number

Area, sq m

Floor

PD 8

54

4

PD 9

63

4

 

Type 3 – 2 bedroom apartment with living room, kitchen, bathroom and terrace.

Number

Area, sq m

Floor

PD 3

62

1

 

The hotel is presented in on-line booking systems.