Registry number: 5-0666472/001
Three-storey house with four apartments near the sea in Utekha, Bar
Three-storey house with four apartments near the sea in Utekha, Bar
House characteristics:
- house area 150m2
- land area 330m2
House structure:
On the ground floor there is an entrance hall, a kitchen, two bedrooms, a bathroom, and a spacious terrace.
On the second floor there are two apartments with a separate bedroom, a kitchen with a dining area, a bathroom, and a terrace.
On the third floor there is an apartment with a living room, dining room, kitchen, bedroom, bathroom, terrace.
All apartments have a separate entrance.
External staircase.
The apartment hotel is furnished and ready to move in and rent out.
Parking.
Fenced area.
Sea view.
Distance to the sea 200 meters.
The apartments rent out very well during the season.
Liquidity calculation:
Rent 1st floor 70 euros/day.
One apartment on the 2nd floor - 50 euros/day
Second apartment on the 2nd floor - 50 euros/day
Third floor - 60 euros/day
Total for the entire facility - 230 euros/day
Maximum occupancy 80 days per season. Profitability during the season 18400. Booking expenses 15%
Profitability minus Booking 15640 euros.
Purchase and maintenance costs 170,000 + 600 (annual tax) + 5,100 (property turnover tax (3%) = 175,700 euros.
Payback period 175,700 euros / 15,640 = 11.2 years. Profitability 15640*100/175700 = 8.9% Excellent profitability for Montenegro!