Sale, one bedroom apartment, 87m², Budva, Crna Gora

Exclusive hotel-apartment complex with 5 stars, located in the very center of Budva, with access to the city promenade, along the seashore. The complex represents a new cultural epicenter, with the task of further raising standards on the Budva Riviera.

The total capacity is 154 accommodation units, of which 88 are hotel rooms and 66 luxury apartments, with open sea views. The hotel part is located from the first to the fourth floor and consists of 88 rooms.

For sale are 66 apartments, of which 6 are penthouses, and the range of areas is from 83 m2 to 246 m2. They are located from the IV to the IX floor.

The complex will operate on a mixed model, whereby owners, if they wish, can rent out their apartment units, handing them over for management and rental to the management of the renowned global hotel chain Radisson Blu, for at least 10 months a year, while owners can use the apartment for a period of 2 months during the year. The estimated return on investment with 40% occupancy is 13 years, which makes this investment extremely attractive.

The complex on the initial floors contains commercial spaces, boutiques, 2 restaurants and a cafeteria with an open sea view. It includes a Spa and wellness center with pools and a gym, a conference hall with a separate and covered entrance, on whose roof there will be a green oasis and other amenities characteristic of a 5* hotel category.

On the underground levels (-2 and -1) there are 160 parking spaces at a price of 50.000 €.

Completion of works is planned for the end of 2026.

The complex is located several hundred meters from the city marina and the Old Town. It is 30 km away from Tivat airport and about 60 km from Podgorica airport.

Payment models:

buyers have the option to choose between three payment models, namely:

1) 20% down payment and repayment in 18 equal monthly installments

2) 20% down payment and repayment in 4 equal quarterly installments

3) loan from Hipotekarna banka for non-residents and residents – 20% down payment and repayment over 5 years with an interest rate of 6% and

20% down payment and repayment over 7 years with an interest rate of 6.5%.