Apartment for sale in Bar 100sqm, 2 bedrooms

Property Details

Apartment for sale in Bar 100sqm, 2 bedrooms

Bar, Bar Region, Montenegro

Property Type

Apartments

Bedrooms

Bathroom

Size

0 sqf

Property Area

1469 sqm²

Description

For sale unique apartment with a glazed terrace and a lounge area, where it is possible to organize a workplace or a recreation area with stunning views of the sea, mountains and the city of Bar.

- the area of the apartment is 100 sqm, for families with one or two children.

- 400 meters from the sea and the embankment in flat terrain;

- a new promising area, where the construction of one of the best apart-hotels in the city has been completed

- warm dry house in the off-season, with a central split system, floors - parquet board;

- glazed terrace (10.23sqm) with a lounge area.

- in the living room (29.26 sqm) there is a recreation area, a dining area combined with a kitchen. Built-in kitchen with refrigerator, dishwasher, cooking zone with oven. All Siemens appliances.

- 2 isolated bedrooms

- in the parent's room (19.44 sqm) a French bed, a storage area, a ladies' table;

- additional convenience for families with children 2 bathrooms (5.51 sqm and 4.2 sqm), one of which is with a bath, and the second with a shower. Washing machine, ceramic tiles with decorative elements, underfloor heating.

- a spacious nursery (13.65sqm) allows you to combine a sleeping place, a workplace for training, a sports corner and a Swedish wall, as well as a storage area.

- spacious entrance hall (11.74 sqm)

- safe route to school;

- the proximity of the clinic and the sports center;

- there are two parks nearby, a tennis court, a football field and a central playground;

- within walking distance of cafes, supermarkets, pharmacies.

- below market price!

And also, the apartment can be used for rent!

- high capitalization factor

- one of the favorite areas of tourists

- successful transport interchange, which affects the efficiency of the asset

- air conditioning system for a comfortable stay

- availability of a ramp for the descent and ascent of wheelchairs and baby carriages

- the possibility of accommodation for guests with diseases of the musculoskeletal system in order to improve their health on the Adriatic Sea

Liquidity calculation:

Renting out 120 euros / day.

Maximum workload is 90 days per season.

Seasonal profitability is 10800.

Possible rent monthly out of season for 600 euros per month for 8 months.

Add. income for the year = 4800 euros. Total for the year: 15,600 euros.

Purchase and maintenance costs 165,000 + 900 (annual tax) +360 (UK) = 166260.

The payback period is 166,260 euros / 15,600 = 10.6 years.

Profitability 15600 * 100/166260 = 9.38%