Registry number: 5-0666472/001
Two-storey townhouse with sea view in Shusani, Bar
Two-storey townhouse with sea view in Shusani, Bar
Townhouse features:
- house area 145m2
- land area 175m2
House structure:
On the ground floor there is an entrance hall, a living room, a separate kitchen, two bedrooms, a bathroom, a large terrace.
On the second floor there is an entrance hall, a spacious living room, a separate kitchen, a bedroom, a bathroom, a large terrace.
The house is furnished and ready to move in.
On the second floor, the living room needs to be renovated.
City communications.
Fenced area.
Fruit trees grow on the site: lemon, medlar, orange, grape, fig, pomegranate, fortunella, etc.
View of the mountains, city and sea.
Distance to the sea 15 0 0 meters.
The documents have been submitted for legalization.
Developed infrastructure.
An ideal home for permanent year-round living in Montenegro and renting out.
It is possible to complete the 3rd floor.
Costs for the construction of the 3rd floor - 600 euros / m2 "turnkey" economy option 600 * 70 m2 = 42000 euros
All floors have separate entrances. It is possible to rent out during the season as separate apartments.
Apartment on the 1st floor with 2 bedrooms 60 euros / day
Apartment on the 2nd floor with 1 bedroom 50 euros / day
Apartment on the 3rd floor with 1 bedroom 50 euros / day
Maximum occupancy 60 days per season. Profitability per season 3600+3000+3000 = 9600. Booking expenses 15%
Profitability minus Booking 8160 euros.
Purchase and maintenance costs 120,000 + 500 (annual tax + fee) + 42,000 (3rd floor construction) = 162,500.
Payback period 162500 euros / 8160 = 19.9 years. Profitability 8160*100/162500 = 5.02%
Calculations are given for 2021-2022.