Registry number: 5-0666472/001
Spacious apartment in a club house in the Ilyino area, Bar
In Bar, Montenegro, a separate 3-room apartment of 106 m2 on the 2nd floor is for sale.
In Bar, Montenegro, a separate 3-room apartment of 106 m2 on the 2nd floor is for sale.
The apartment is located in a three-story villa. The stairwell is internal. There are three apartments in the building.
Two bedrooms and a large living room with access to the terrace, a spacious, fully equipped (including all appliances) kitchen-dining room with a balcony, a large hall at the entrance, a large fully equipped bathroom, a utility room, which, if necessary, can be converted into an additional toilet.
The apartment is fully furnished and ready for occupancy. Air conditioning is installed. All meters are separate and officially registered. City water is available. High-speed internet (fiber optic).
The balcony and huge terrace offer beautiful views of the sea, mountains and city.
The courtyard of the apartment has one parking space for a large car, plus there is a temporary parking space for guest cars.
The street is a dead end, with virtually no traffic or noise. The city beaches, the embankment, and the city center are about 1200 meters away along an excellent road with virtually no inclines. The nearest large supermarket is 800 meters away.
Liquidity calculation:
Rental price: €65/night. Maximum occupancy: 70 days per season. Seasonal yield: €4,550. Booking fees: 15%.
Profitability minus Booking 3867 euros.
Possible monthly rental during the off-season for 400 euros per month for 8 months. Additional annual income = 3,200 euros. Total for the year: 7,067 euros. Purchase and maintenance costs: 145,000 + 500 (annual tax + fee) = 145,500.
Payback period: 145,500 euros/7,067 = 20.5 years. Profitability: 7,067*100/145,500 = 4.9%.
Calculations are given for 2021-2022.