Bijela 4* Waterfront Hotel

Area: 784 m2

Total number of accommodation units: 12

Rooms: 10

Apartments: 2

Parking spaces: 9

Renovated 4-star mini-hotel, with 12 accommodation units with reception, breakfast restaurant, terrace, and parking area, in the first line to the sea.

All rooms and apartments are fully equipped, and refurbished and each unit has a terrace with a beautiful view of the sea and the beach.

The restaurant’s capacity is 40 people and the outdoor terrace is able to host up to 30 people. The kitchen attached to the restaurant is equipped with professional appliances and furniture, having its own storage area for food and storage for linen, cleaning supplies, etc.

Additional storage space planned for a massage room with its own bathroom and shower is set adjacent to the hotel, with 3 additional rooms for employees up to 8 people.

All the rooms have sophisticated Adria software for additional security as well as fire alarms, video surveillance, AC, and internet.

The hotel is for sale with all the furniture and appliances.

At 3,826 € per m² this listing sits about 47% below the median for Herceg Novi, which stands at 7,222 € per m² across the 30 properties we hold there. Below-median usually means one of three things: set back from the water, an older build, or a floor plan that needs work.

We currently hold 30 properties in Herceg Novi, running from €173,000 to €3,375,000; by price this one ranks 2 of 30. Where a property falls in that order tells you more than the asking price on its own.

On this asking price of €3,000,000 for 784 m², transfer tax comes to €172,000 — an effective 5.7%. Since 2024 the rate is progressive rather than a flat 3%, so it is worth calculating on the actual figure rather than assuming.

Within 5 km of this address we hold 69 other for sale listings, asking between €125,440 and €3,375,000, with a median of €650,000. At €3,000,000 for 784 m² this one ranks 2 of 70 inside that radius. Comparing against immediate neighbours is a shorter route to a fair price than comparing against a whole town.