Spacious villa in Shushan on a large plot of land
We offer for sale a large villa in the town of Bar, which is located near the Adria Hotel.
Villa with an area of 400 m2, land area 1215 m2, terrace area 50 m2.
The villa is 500 m away from the sea.
The first floor of the villa: a gym equipped with equipment, a sauna, a toilet room with a jacuzzi, a relaxation room with table tennis.
Second floor: spacious living room with fireplace, kitchen fully equipped with household appliances and utensils, 2 bathrooms (one of them has a shower), bedroom.
Third floor: spacious dressing room, large hall, 4 bedrooms, 4 bathrooms (one with Jacuzzi, the second with shower), 5 terraces with sea views, 5 terraces with mountain views.
The villa has a quality renovation, doors and furniture made of rare woods, handmade, staircases made of oak with forging.
There is video surveillance, gas supply, a fire system, an additional water tank, city communications, Wi-Fi, solar panels are installed on the house.
On the territory of the site there is a swimming pool of 96 m3, a barbecue area with furniture, a shower room and a toilet room.
Also on the territory, there is a guest house with a living room, bedroom, kitchen, toilet room. The house is fully furnished.
Detached wine cellar with furniture.
On the territory of the site there is a garden with fruit trees: pomegranates, lemons, tangerines, figs, oranges. A lot of flowers.
There is a covered garage for 1 car and parking for 4 cars.
Lighting throughout.
Liquidity calculation:
1) Option for long-term lease in one hand
Price per month 2500 euros*12 = 30000 euros
Purchase costs 1,200,000 + 36,000 (one-time property turnover tax on purchase 3%) + 1,500 (annual tax) = 1,237,500
Payback period 1237500 euros / 30000 = 41.2 years. Profitability 30000*100/1237500 = 2.4%
2) Renting 600 euros / day. Maximum occupancy is 90 days per season. Profitability per season 54000. Booking expenses 15%
Profitability minus Booking 45900 euros.
Purchase costs 1,200,000 + 36,000 (one-time property turnover tax on purchase 3%) + 1,500 (annual tax) = 1,237,500
Payback period 1237500 euros / 45900 = 26.9 years. Profitability 45900*100/1237500 = 3.7%
Calculations are given for 2021-2022.