Villa 400 м² in Bar, Montenegro

Villa in Bar. City - Bar

It is offered for sale a large villa in the city of Bar, which is located near the Adria Hotel.

Villa area of 400 m2, land area of 1215 m2, terraces area of 50 m2.

Villa remote from the sea 500 m

The first floor of the villa: a sports hall 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 dishes, 2 toilet rooms (one of them has a shower cabin), bedroom.

Also on the territory, there is a house for guests 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. There is a covered garage for 1 car and parking for 4 cars.

Enlightenment throughout the area.

Calculation of profitability

Liquidity calculation:

> Long-term rental option in one hand

Price per month 2500 euros*12 = 30,000 euros

Costs to purchase 1,200,000+36000 (one-time property turnover tax on purchase of 3%)+1500 (annual tax)=1237500/p>>>

Payback period 1237500 euros/30000 = 41.2 years. Profitability 30,000*100/1237500 = 2.4%

2 Lease 600 euros/day. Maximum workload of 90 days per season. Yield in season 54,000. Booking expenses 15%

Yield after minus Booking 45900 euros.

Costs to purchase 1,200,000+36000 (one-time property turnover tax on purchase of 3%)+1500 (annual tax)=1237500/p>>>

Payback period 1237,500 euros/45900 = 26.9 years. Profitability 45900*100/1237500 = 3.7%

Calculations are given for 2021-2022.