Apartment in Bar

€ 347,001


The object code is is the first elite 5* hotel in Bar, which is among the top five hotels in terms of capacity in the coastal zone of Montenegro, with unique apartments located near the sea.Likosoho offers you the opportunity to invest in real estate amounts from 270.000 euros or take advantage of a time-limited opportunity and apply for citizenship of Montenegro by investing in one or more real estate units with a minimum amount of 450,000 euros.This business model does not require you to move, but allows you to be the owner of residential premises in a hotel complex and beunder the close attention of polite staff 24 hours a day, 7 days a week, with all the amenities of a 5* hotel in one of the sunniest places in Europe.
KEY FEATURES:Category: 5* hotelCapacity: 322 rooms, 1st phase 70,000 m2Layouts: 39 different typesArea: 67 - 310 m2
KEY AMENITIES:Wellness & SPA Center - 1.750 m2Gym, outdoor pool and water parkRestaurants and an outdoor barShopping center with 20 premium boutiquesConference rooms - 1,500 m2Casino - 2.200 m2Underground parking - 400 places24-hour front desk and concierge service
Taking into account the needs of our customers, as well as the local community, the Liko Soho Group plans to implement the following projects:- Outdoor and indoor swimming pool- Water Park- Medical Center- Sports grounds- Reconstruction of the port- Additional berths for yachtsThis large-scale project of Liko Soho on the Montenegrin coast, with all the auxiliary infrastructure, will provide our clients with unique opportunities to rent out their residential units in our hotel.The location in the very center of the city, between the sea and the mountains, the modern architecture of the hotel with all amenities and infrastructure will give a modern look to the city and make it a new popular tourist center on the Adriatic coast.
The photo (see photo) shows an example of a return on investment in the amount of 450,000 euros exclusively due to the rental of objects.For each of the types of apartments you are interested in, Colliers International will prepare a detailed return on investment analysis, which will include:- The cost of real estate after the completion of construction- Proportional increase in the value of real estate on the market- The influence of the brand on the value of real estate- Rental income

The condition for obtaining economic citizenship of Montenegro is to invest at least 450,000 euros in a development project on the coast of Montenegro. In addition to investing this amount, a contribution of 200,000 euros must be made to the state account, as well as payment of expenses to the licensed Agency, including a contribution of 15,000 euros for the applicant, 10,000 euros for each family member (maximum 4 members), 50,000 euros for each subsequent family member. Residential units are subject to individual sale and must be in commercial operation for at least 10 months a year.Obtaining Montenegrin citizenship is possible by investing in the Liko Soho Hotel, based on a government decision and adding it to the list of projects of special importance for the economic interest of Montenegro. A total of 2,000 applications will be accepted under the program.
The applicant submits an application to the Investment Agency through one of three licensed agents, together with all the necessary documents and payment of the fee for conducting the process15,000 euros for the main applicant10,000 euros for each family member (maximum 4 people)50,000 euros for each next family member
The applicant pays the costs of checking the documentation7.000 euros in the case of one applicant10,000 euros in case of applying for a family
 The applicant makes a payment in the amount of
100,000 euros to the state ESCROW account100,000 euros to the state ESCROW account (development fund)(there is an additional fee for opening an account of approximately EUR 750)
A preliminary agreement for the purchase of real estate is signed between the Applicant and the Investor, and the amount of 450,000 euros is transferred to the Seller's ESCROW account (an additional fee for opening an account is approximately 2,500 euros, notary costs are approximately 600 euros.
The costs for the services of an accredited agency range from 35,000 to 50,000 eurosThe cost of purchasing insurance is 250 euros for each applicant.


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