Residential complex and apart-hotel and SPA
Real Estate ID: P202000123
Region: Bay of Kotor
For sale are 15 apartments in the complex, studio apartments and 1, 2, 3-bedroom apartments from 32m2 to 120m2.
Also for sale is an apart-hotel with 17 apartments, SPA and wellness center with restaurant and conference rooms.
The residential and tourist complex consists of four buildings. Two buildings are apartments, the third building is a tourist building with apartments, while the fourth building is a spa and wellness center.
The area of the land complex is 3,740m2. All three buildings are built and have the required documentation.
SPA and Wellness Center:
Wellness Center:
Seating:
The residential complex has a private beach in front of the door.
Business model of the apart hotel
The apart-hotel has 17 apartments, which will be rented to tourists. The residential complex includes two other residential and commercial complexes F2 and F3 with a total of 72 apartments, 15 of which are offered for sale. The Apart- Hotel is managed by a company that rents and manages apartments.
The business plan envisages another 50 apartments in the neighboring buildings F1 and F2, which in addition to the existing 17 apartments in building F3 will complement the tourist offer of the apart-hotel that will manage them.
The residential complex is a unique spatial entity and the tourist activities through the Apart-Hotel are carried out exclusively by the owner of the object F3 and SPA & Conference, while the owners of the apartments in the objects F1 and F2 entrust the management of their objects to the management company of the Apart-Hotel.
Spa & Conference facilities are used by tourists and visitors who have a management contract with Apart-Hotel Company
have concluded, while other users of the complex may use the relevant facilities for a fee set by the management company.