English

Part of Budva Riviera property sold for €200.000

Part of Budva Riviera Hotel Group property was sold at an auction today to Mr Dragan Bogdanović from Belgrade who was the first to bid €200.000.

Auction Commission invited the tender for sale at the beginning of July.

“Tender was invited for the sale of following property: building no.1 in trade, hospitality and tourism – “Piva” hotel in Plužine with accompanying land of total 1,1451 square meters. The real estate has no recorded burden or restrictions”, said the representatives of the Commission.

The starting price amounted to €152.000. Mr Dragan Bogdanović from Belgrade, Mr Veselin Ivanović from Belgrade and Mr Željko Bakrač from Plužine have submitted applications for the participation at public action.

“After seven auction steps, final sale price in the amount of €200.000 was reached”, said the representatives of the Commission.

Mr Dragan Bogdanović from Belgrade was the highest bidder.

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