Exclusive apartments on the first line to the sea, Budva
€835 000
ID 94766
Uploaded 31.05.2025
Key features
Details
Property description
An exclusive 5-star hotel and apartment complex, 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 the standards on the Budva Riviera.
The total capacity is 154 accommodation units, of which 88 are hotel rooms and 66 are luxury suites, with an open view of the sea. The hotel part is located from the first to the fourth floor and consists of 88 rooms.
There are 66 apartments for sale, 6 of which are penthouses, and the area range is from 83 m2 to 246 m2. They are located from the 4th to the 9th floor.
The complex will operate according to a mixed model, according to which the owners, if they wish, can rent their apartment units, passing them on to the management and rental of the management from the renowned global hotel chain Radisson Blu, for at least 10 months a year, while the owners can use the apartment for a period of 2 months during the year. Estimated return on investment at 40% occupancy is 13 years, which makes this investment extremely attractive.
The complex on the first floors contains business premises, boutiques, 2 restaurants and a cafeteria overlooking the open sea. It includes a Spa and wellness center with swimming pools and a gym, a conference room with a separate and covered entrance on the roof of which there will be a green oasis and other facilities 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 the works is planned for the end of 2026.
The complex is located a few hundred meters from the city marina and the Old Town. It is 30 km from Tivat airport and about 60 km from Podgorica airport.
Payment models:
Customers have the option to choose between three payment models:
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 - down payment of 20% and repayment over 5 years with an interest rate of 6% and
20% down payment and 7-year repayment with an interest rate of 6.5%.
The total capacity is 154 accommodation units, of which 88 are hotel rooms and 66 are luxury suites, with an open view of the sea. The hotel part is located from the first to the fourth floor and consists of 88 rooms.
There are 66 apartments for sale, 6 of which are penthouses, and the area range is from 83 m2 to 246 m2. They are located from the 4th to the 9th floor.
The complex will operate according to a mixed model, according to which the owners, if they wish, can rent their apartment units, passing them on to the management and rental of the management from the renowned global hotel chain Radisson Blu, for at least 10 months a year, while the owners can use the apartment for a period of 2 months during the year. Estimated return on investment at 40% occupancy is 13 years, which makes this investment extremely attractive.
The complex on the first floors contains business premises, boutiques, 2 restaurants and a cafeteria overlooking the open sea. It includes a Spa and wellness center with swimming pools and a gym, a conference room with a separate and covered entrance on the roof of which there will be a green oasis and other facilities 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 the works is planned for the end of 2026.
The complex is located a few hundred meters from the city marina and the Old Town. It is 30 km from Tivat airport and about 60 km from Podgorica airport.
Payment models:
Customers have the option to choose between three payment models:
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 - down payment of 20% and repayment over 5 years with an interest rate of 6% and
20% down payment and 7-year repayment with an interest rate of 6.5%.
Agency: Montenegro Sothebys Realty
