Registry number: 5-0666472/001
Mini hotel with a pool near the beach in Sutomore
Mini hotel with a pool near the beach in Sutomore
Hotel Features :
- land area 245m2
- the area of a two-storey house is 160m2
Hotel structure:
- on the ground floor apartment with two bedrooms, living room, kitchen, bathroom, terrace and studio apartment.
- five studio apartments on the second floor
The house is fully furnished and equipped with all necessary appliances.
Installed air conditioners.
Well-groomed fenced area.
Swimming pool 15 m3.
Gazebo with barbecue area.
City water and sewerage.
Internet, TV.
Large public free parking next to the house.
Several steps lead up to the hotel.
Distance to the sea 200 meters.
High rental potential. Rented out for 10 years.
Developed infrastructure. Everything is within walking distance.
View of the mountains and the city.
150,000 euros
Liquidity calculation:
Renting an apartment with 2 bedrooms 60 euros / day.
Studio 6 pieces for 40 euros / day
Maximum occupancy 70 days per season. Profitability per season 16800 euros. Booking costs 15%
Profitability minus Booking 14280 euros.
Possible rent monthly out of season studios 200 euros / month = 200 * 8 months = 1600 euros ( 1 studio for 8 months) * 6 studios = 9600 euros
Possible monthly rental of a 2-bedroom apartment out of season 350/month = 2800 euros
Additional income for the year = 12400 euros.
Total for the year: 12400 + 14280 = 26680 euros.
Purchase and maintenance costs 150,000 + 800 (annual tax + fee) + 4,500 (one-time property turnover tax on purchase 3%) + 2,800 (rental tax) = 158,100.
Payback period 1581000 euros / 26680 = 6 years. Profitability 26680*100/158100 = 16.8%
Calculations are given for 2021-2022.