Registry number: 5-0666472/001
Three-storey house with commercial premises near the sea in Shushanj, Bar
Three-storey house with commercial premises near the sea in Shushanj, Bar
House characteristics
The area of the three-storey house is 245 m2 + commercial premises 41 m2
Land area 614m2
House structure:
On the first floor there is a studio apartment of 25 m2 and a garage of 20 m2
On the second floor there is a spacious apartment of 100 m2 with three bedrooms, bathroom, kitchen, dining room, living room and 3 separate terraces.
On the third floor there is an apartment of 100 m2 with three bedrooms, a bathroom, a kitchen, a dining room and a living room with two separate terraces and a separate entrance.
The house is fully furnished and equipped with all necessary appliances.
On the site there is a commercial space of 26 m2 with a gallery and a terrace of 15 m2.
Fenced area.
Parking for several cars.
There are fruit trees growing on the plot trees : pomegranate , tangerine , apricot , peach , plum , pear , grape and kiwi .
The House received urban planning and technical conditions for the construction of a 7-storey building with a total area of 1000 m2.
Developed infrastructure. Everything is within walking distance.
Liquidity calculation:
For rent:
Studio - 30 euros/day
Apartment with 3 bedrooms - 80 euros/day
Apartment with 3 bedrooms - 80 euros/day
Maximum occupancy 70 days per season.
Income in season 2100+5600+5600 = 13300. Booking expenses 15%
Income minus Booking 11305 euros.
Costs of purchase and maintenance 350,000 + 10,500 (one-time property turnover tax upon purchase 3%) + 800 (annual tax + tax) = 361,300.
Monthly rent of a studio 200 euros/month 200*8 = 1600 euros
Apartment monthly 600 euros/month 600*8*2 =9600 euros
Total rent off-season 11200 euros
Total for the year 22505 euros.
The proximity to the school makes it possible to open a culinary business in a commercial space.
Estimated net profit for the culinary business is from 3,000 to 5,000 euros/month.
Total expected return 22505+36000 = 58505 euros
Payback period 361300 euros/58505 = 6.17 years. Profitability 58505*100/361300 = 16.2%
Calculations are given for 2021-2022.