Commercial property 700 m² in Buljarica, Montenegro

Buljarica, Montenegro
$1,88M
$2,687/m²
;
ID: 3542886
Property ID on Realting
Last update: 25/07/2025

Location

  • Country
    Montenegro
  • Region
    Budva Municipality
  • Village
    Buljarica

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $2,687/m²
  • Total area
    Total area
    700 m²

Description

Boutique hotel "Rifugio del Sole" - a unique investment offer on the coast of Montenegro

Location: Petrovac, Budva Riviera
Cost:
• In current condition - 1.6 million euros
• Ready-made object "turnkey" - 1.9 million euros

Rifugio del Sole (Italian for “Sun Shelter”) is more than just a boutique hotel. It is a place of strength, history and inspiration, which harmoniously combines centuries-old traditions and modern comfort.

Historical value

The history of the object goes back to the XV century. In 1458, Abbot Georgius Pelino, an influential clergyman and diplomat from the Benedictine Abbey of Santa Maria de Rotezo, handed over this plot of land and 75 ducats to his assistant and court pharmacist Antonio Belli as a token of gratitude for his faithful service and care for the health of the monastic brethren.

By 1463 the house was built. Since then, he has been a silent witness to centuries of wars, earthquakes, and the change of empires and peoples, from the Ottoman and Austro-Hungarian to the French. Despite this, the object has retained its historical essence and unique architectural aura.

Modern reconstruction

In 2020, a large-scale reconstruction began in order to preserve the authentic atmosphere and architectural elements of the construction of the XV century. At the same time, modern engineering solutions and high standards of comfort are integrated into the project.

• Unique original stone walls, preserved in their original form, provide excellent heat and noise insulation.
• Panoramic windows on the south side offer breathtaking views of the Adriatic Sea and mountain landscape
• Reliable protection from northern winds due to the architectural features of the structure
• The current stage of implementation allows you to adapt the final appearance of the object to the individual wishes of the investor.

"Rifugio del Sole" - a name with a character

The name "Sun Shelter" reflects key aspects of the hotel concept:
• Connection with nature - thanks to the location, you can observe both sunrises and sunsets here
• Historical continuity - rifugio symbolizes protection and shelter, preserved through the centuries
• Comfort and solitude - the atmosphere of real comfort and care
• Aesthetics and emotions – light, space, silence, inspiration

Advantages of location

Petrovac is one of the most picturesque corners of the Montenegrin coast, where silence, greenery of pine groves, clean sea and developed infrastructure are combined.
• Cozy resort town, ideal for a measured rest
• Just 30 minutes drive from Budva
• High income potential from daily rental or luxury hotel business

Investment potential

The facility is perfect for:
• Boutique hotel with historical concept
• Premium Private Residence
• Villas for rent with high profitability

This is a rare opportunity to become the owner of a property with an exceptional history, located on the first line by the sea.

Contact us for plans, technical documentation and a review date.

Location on the map

Buljarica, Montenegro
Infrastructure nearby
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