Property Description and Layout:

The asset comprises approximately 800 m² of rentable floor space, distributed over three above-ground levels with a total of 16 fully furnished apartments. The internal layout is structured as follows:

Ground Floor:
– 6 apartments
– Reception area
– 2 storage rooms
– Technical and laundry room

First Floor:
– 8 apartments

Second Floor:
– 8 apartments

Each apartment features a private pantry kitchen, a modern bathroom with shower and WC, a balcony or terrace, and split air conditioning units. The solid construction ensures a consistently dry interior climate – a rare and valuable asset in coastal environments, where humidity issues are otherwise common.

Technical Features and Location Advantages:

• Private water source (25 m deep) – significantly reduces operating costs

• 15–20 private parking spaces on the adjacent lot

• Compact operational structure, fully turnkey

• Excellent location within short distance to the beach, city center, restaurants, and retail infrastructure

Usage Concept & Investment Case:

This property is ideally suited for continued use as a boutique hotel, conversion into serviced apartments for seasonal or year-round rental, or development into a premium senior or residential living concept. Given Montenegro’s comparatively low operational costs, the stable growth in tourism demand, and Ulcinj’s rising appeal among international travelers and investors, this asset offers compelling return potential.

Ulcinj continues to record steadily increasing overnight stays and is now recognized as one of the most dynamic tourism markets along the southeastern Adriatic. With its growing profile as both a holiday destination and an investment hotspot, the region is attracting increasing attention from institutional investors and family offices alike.

Conclusion:

This property represents a sustainable investment opportunity in one of Europe’s most promising coastal regions – offering immediate cash-flow potential, robust construction quality, and diverse development possibilities.

For further information, detailed financial projections, or to arrange a viewing, please do not hesitate to contact us.