ID: 85

Agency: Tradegoria
Registry number: 5-0666472/001

Low price!

Apartments in the city of Bar under construction, Ilyino district, 100 meters from the sea!

Location

Bar

Area

30m²

Number of bedrooms

meters to the sea

100

Updated on

19.06.2023

Price

50 320 €

Price per sq.m.

1677 €

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Description Profitability calculation

We offer for sale an apartment in the city of Bar under construction, Ilyino district, 100 meters from the sea!

• Double-glazed windows "Four Seasons", aluminum profile;

• Aluminum shutters with electric drive;

• oak parquet;

• Ceramics - granite, kitchens, bathrooms and terraces;

• Plumbing Villeroy&Bosch;

• Multi-split system;

• Underground parking;

• modern elevator for 8 people, SCHINDLER

• CCTV

• high ground floor

Price

first floor - 1700 euro/m2

second floor - 1750 euro/m2

third floor - sold

fourth floor - 1800 euro/m2,

fifth floor - 1850 euro/m2 with mountain view and 1900 euro/m2 with sea view

sixth floor - 1900 euro/m2 with mountain view and 1950 euro/m2 with sea view

Garage spaces 13000 euros, parking space on the street -5000 euros

The first payment is 50% at the conclusion of the contract, 35% before the completion of rough work (October 2022) and 15% upon delivery.

Completion date March 2023

First floor: second floor: fourth floor: fifth floor: sixth floor:

40m2*1700=68,000 43m2*1750=75,250 43m2*1800=77,400 43m2*1850=79,550 43m2*1900=81,700 euros

47.2m2*1700=80 240 55m2*1750=96 250 55m2*1800=99 000 55m2*1850=101 750 55m2*1900=104 500 euro

29.6m2*1700=50,320 47.2m2*1750=82,600 47.2m2*1800=84,960 47.2m2*1900=89,680 47.2m2*1950=92,040 euros

45.2m2*1700=76,840 75.1m2*1750=131,425 75.1m2*1800=135,180 29.6m2*1900=56,240 75.1m2*1950=146,445 euros

70.1m2*1700=119 170 70.1m2*1750=122 675 70.1m2*1800=126 180 45.2*1850=83 620 70.1m2*1950=136 695 euros

45.2m2*1700=76 840 45.2m2*1750=79 100 45.2m2*1800=81 360 70.1m2*1900=133 190 45.2m2*1900=85 880 euro

68.8m2*1700=116,960 68.8m2*1750=120,400 68.8m2*1800=123,840 45.2m2*1900=85,880 68.8m2*1900=130,720 euros

68.8m2*1850=127 280

Copying and reprinting of materials is possible if there is a link to the original source, namely our website tradegoria.me

1) It is possible to resell the object at the stage of completion of construction and finishing at a price of 1900 euros / m2

Area 30 m2*1900= 57000

Difference in resale at completion stage 57000-50320= 6680 EUR

2) Calculation of liquidity when renting:

Renting 40 euros / day. Maximum occupancy 80 days per season. Profitability per season 3200. Booking expenses 15%

Profitability minus Booking 2720 euros.

Possible monthly rent out of season for 250 euros per month for 8 months. Additional income for the year = 2000 euros.

Total for the year: 4720 euros.

Purchase and maintenance costs 50320 + 400 (annual tax + tax) + 200 (MC) = 50920.

Payback period 50920 euros / 4720 = 10.7 years. Profitability 4720*100/50920 = 9.3%

Calculations are given for 2021-2022.

Copying and reprinting of materials is possible if there is a link to the original source, namely our website tradegoria.me