Hotel 700 m² in Petrovac, Montenegro

This attractive small hotel for sale is located in Petrovac, in Budva municipality. Petrovac is a beautiful little city on the Montenegrin coast and is ideal for family holidays. Lučice Beach, Buljarica Beach, and central Petrovac Beach, with the fine reddish pebbles, are three perfect places for an excellent summer vacation.The 19-room hotel with 700m² of living space is located on the hill, allowing most apartments astonishing sea views. Part of the apartments are studios, and part is standard one-bedroom apartments. All apartments are furnished and air-conditioned, and all units feature a kitchenette fitted with a refrigerator, stovetop, and kettle. Every unit features a private bathroom with a shower.Located in Prijevorac, a Petrovac borough, within a 15-20 minutes walking distance from the city center and its beach, the hotel has small village privacy and all the city benefits. Lucice, the closest beach, has an advantage over the overcrowded one in Petrovac not only by the number of visitors and by prices but also by the sea water clearness. You will pass a great olive grove on your 7-8-minute walk to the beach. Those not afraid of long distances can visit an even less crowded Buljarica beach over the hill.This property can be used as a hotel, but it could be interesting for some investors to reconstruct the building into separate apartments and put them on the market for further sale. The property prices in this part of the Adriatic riviera are continuously rising, which can be an excellent investment opportunity for the future owners of this hotel.The property has an excellent location, only 29km from Tivat airport and 37km from Podgorica airport, while Kotor Old Town is 29 km from the hotel.If you think this property is an excellent choice for your investment, feel free to contact us for more information.