Sale, House Bar Ostalo, 400 m2

A large villa in the city of Bar is offered for sale, located not far from the Adria hotel. Villa area 400 m², land area 1215 m², terrace area 50 m². The villa is 500 m from the sea. First floor of the villa: gym equipped with inventory, sauna, toilet room with jacuzzi, recreation 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 with shower cabin), bedroom. Third floor: spacious dressing room, large hall, 4 bedrooms, 4 toilet rooms (one with jacuzzi, second with shower cabin), 5 terraces with sea view, 5 terraces with mountain view. The villa has high-quality renovation, doors and furniture made of rare wood species, handmade, stairs made of oak with forging. There is video surveillance, gas supply, fire protection system, additional water tank, city utilities, Wi-Fi, solar panels installed on the house. On the site there is a pool 96 m³, barbecue area with furniture, shower and toilet room. Also on the site, there is a guest house with living room, bedroom, kitchen, toilet room. The house is fully furnished. Separate wine cellar with furniture. On the site there is a garden with fruit trees: pomegranates, lemons, tangerines, figs, oranges. A lot of flowers. There is a covered garage for 1 car and parking for 4 cars. Lighting throughout the territory. Profitability calculation Liquidity calculation: 1) Option of long-term rental to one tenant Price per month 2500 euros*12 = 30000 euros Purchase costs 1 200 000+36000 (one-time property turnover tax upon purchase 3%)+1500 (annual tax)= 1237500 Payback period 1237500 euros/ 30000 = 41.2 years. Profitability 30000*100/1237500 = 2.4% 2) Rental 600 euros/day. Maximum occupancy 90 days in season. Season income 54000. Booking expenses 15% Income minus Booking 45900 euros. Purchase costs 1 200 000+36000 (one-time property turnover tax upon purchase 3%)+1500 (annual tax)= 1237500 Payback period 1237500 euros/ 45900 = 26.9 years. Profitability 45900*100/1237500 = 3.7% Calculations are given for 2021-2022 years.