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Excellent opportunity to buy a rental business

  • 205 sq.m size of the property
  • Located in an Exclusive zone
  • 6 apartments in total
  • High rental potential
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Property Description

Rental business for sale in Budva situated in a new building in the center of Budva, just 200m away from the well-known promenade and within a walking distance form the Blue Flag standard beaches. Rental business for sale in Budva located in

the highly rated district, so called “exclusive zone” close to the waterfront and major amenities, it enjoys some kind of seclusion being hidden in a small green street that also reduces city noise exposure. The hotel occupies 6thfloor of this 7-storey residential building and offers an all aspect views over city of Budva whilst some of its units feature direct open sea view. A bundle of 6 apartments consists of four one-bedroom apartments and two studios of 29 to 40 sqm in size with one technical/storage room providing for a comfortable stay of up to 20 guests. Hotel units are fully furnished and equipped against 4*-hotel international standard to includemodern welcome point reception desk, electronic access keys, automatic on/off electricity switches, window-opening sensors with automatic AC shutdown, technical room, video surveillance, fire alarm and other amenities. Total area of the apart hotel amount to 205 sqm. This apart-hotel will see an expected annual rental yield of 5-6 per cents, as verified by a local rental management operator.

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Property highlights

  • High ADR projected
  • High occupancy projected
  • Minimum 5-6% yield

Budva

Budva (Будва) is the poster child of Montenegrin tourism. Easily the country’s most-visited destination, it attracts hordes of holidaymakers intent on exploring its atmospheric Stari Grad (Old Town), sunning themselves on the bonny beaches of the Budva Riviera and partying until dawn; with scores of buzzy bars and clanging clubs, it’s not nicknamed ‘the Montenegrin Miami’ for nothing.

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Contact Us

IM Group Limited

Ulica XVI Zgrada CFSSI
Rozino
85310 Budva





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