+(382) 69-210-392
ID: 4.159
Agency: Tradegoria
Registry number: 5-0666472/001

Three-storey house with commercial premises next to the sea in Shusani, Bar

Location
Bar
Area
286m2
Land plot area
614m2
Number of bedrooms
7
meters to the sea
200
Updated on
24.08.2023
Price
500 000 €
Price per sq.m.
1748 €

Three-storey house with commercial premises next to the sea in Shusani, Bar

House characteristics

The area of a three-storey house is 245m2 + commercial premises 41m2

Land area 614m2

House structure:

On the ground floor there is a studio apartment of 25m2 and a garage of 20m2

On the second floor there is a spacious apartment of 100m2 with three bedrooms, bathroom, kitchen, dining room, living room and 3 private terraces.

On the third floor, an apartment of 100 m2 with three bedrooms, a bathroom, a kitchen, a dining room and a living room with two private terraces and a separate entrance.

The house is fully furnished and equipped with all necessary appliances.

On the plot there is a commercial space of 26 m2 with a gallery and a terrace of 15 m2.

Fenced area.

Parking for several cars.

Fruit trees grow on the plot trees : pomegranate , tangerine , apricot , peach , plum , pear , grape and kiwi .

Urban planning and technical conditions for the construction of a 7-storey building with a total area of 1000 m2 have been received for the House.

Developed infrastructure. Everything is within walking distance.

Copying and reprinting of materials is possible if there is a link to the original source, namely our website tradegoria.me

Liquidity calculation:

Rental:

Studio - 30 euros / day

Apartment with 3 bedrooms - 80 euros / day

Apartment with 3 bedrooms - 80 euros / day

Maximum occupancy 70 days per season.

Profitability per season 2100+5600+5600 = 13300. Booking expenses 15%

Profitability minus Booking 11305 euros.

Purchase and maintenance costs 350,000+ 10,500 (one-time property tax on purchase 3%) + 800 (annual tax + tour tax) = 361,300.

Monthly rental of the studio 200 euros / month 200 * 8 = 1600 euros

Apartment per month 600 euros/month 600*8*2 =9600 euros

Total rent out of season 11200 euros

Total for the year 22505 euros.

Proximity to the school makes it possible to discover cooking in a commercial space.

Estimated net income for cooking is from 3000 to 5000 euros / month.

Total expected return 22505+36000 = 58505 EUR

Payback period 361300 euros / 58505 = 6.17 years. Profitability 58505*100/361300 = 16.2% 

Calculations are given for 2021-2022.

Copying and reprinting of materials is possible if there is a link to the original source, namely our website tradegoria.me
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