Spacious apartment in a club house in Ilyino, Bar

In Bar, Montenegro, a separate 3-room apartment of 106m2 on the 2nd floor is for sale

The apartment is located in a 3-storey villa. The staircase is internal. In total there are 3 apartments in the house.

Two bedrooms and a large living room with access to the terrace, a spacious, fully equipped (including all appliances) kitchen-dining room with a balcony, a large entrance hall, a large fully equipped bathroom, utility room, which, if necessary, can be turned into an additional toilet.

The apartment is fully furnished and ready to move in. Installed air conditioning. All counters are separate and officially registered. City water. Internet high speed (optical fiber).

From the balcony and the huge terrace there are wonderful views of the sea, mountains and the city.

In the yard for the apartment there is one place for parking a large car, plus there is a place for temporary parking of guest cars.

The street is a dead end, almost no traffic and no noise. The city beaches, the promenade and the city center are about 1200m along a beautiful road, with almost no lifts. The nearest large supermarket is 800m.

Liquidity calculation:

Renting 65 euros / day. Maximum occupancy 70 days per season. Profitability per season 4550. Booking expenses 15%

Profitability minus Booking 3867 euros.

Possible monthly rent out of season for 400 euros per month for 8 months. Additional income for the year = 3200 euros. Total for the year: 7067 euros. Purchase and maintenance costs 145,000 + 500 (annual tax + tax) = 145,500.

Payback period 145500 euros / 7067 = 20.5 years. Profitability 7067*100/145500 = 4.9% 

Calculations are given for 2021-2022.