Registry number: 5-0666472/001
Spacious, bright apartment in Bar, Ilyino district
In Bar, Montenegro, a separate 3-room apartment with an area of 111 m2 on the 3rd floor is for sale
Internal staircase. In total there are 3 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 entrance hall, 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 to move in. Two air conditioners are installed. All counters are separate and officially registered. City water. High-speed Internet (fiber).
From the balcony and huge terrace there are beautiful views of the sea, mountains and city.
In the courtyard of the apartment there is one parking space for a large car, plus there is a place for temporary parking for guest cars.
The street is a dead end, there is practically no traffic or noise. The city beaches, embankment and city center are about 1200m away along an excellent road, with virtually no climbs. The nearest large supermarket is 800m away.
Liquidity calculation:
Rent 70 euros/day. Maximum occupancy 80 days per season. Profitability in season 5600. Booking expenses 15%
Profitability minus Booking 4760 euros.
Possible monthly rental out of season for 500 euros per month for 8 months. Additional income for the year = 4000 euros. Total for the year: 8760 euros. Purchase and maintenance costs 135,000+500 (annual tax + tax) = 135,500.
Payback period 135500 euros / 8760 = 15.4 years. Profitability 8760*100/135500 = 6.5%
Calculations are given for 2021-2022.