Residential villa complex in Đenovići with panoramic sea views near Porto Novi
Herceg Novi, Djenovici
900.000 €
Area
151 m²
Rooms
2
Floor
1
PROPERTY DESCRIPTION
We present to you a new residential complex in Montenegro from the investor.
The complex is located in Đenovići (near Herceg Novi).
Convenient location - above Porto Novi.
We sell apartments, and also offer them for rent.
Elite residential complex in Montenegro with a view of the Bay of Kotor. High-quality service.
There are 17 apartments available, one apartment per floor.
Apartments with areas of 71, 73, 115, 116, 125, 129, 130, 153, 164 m2
103.5 m2 + terrace 12.30 m2 - 400,000 euros
Duplex penthouse.
Panoramic view. Equipped beach within walking distance.
Finishing with natural materials.
Heating system: underfloor heating, heated baseboards. Air conditioning. Smart home system Control 4, remote control from mobile devices.
Wi-Fi.
Classic and modern kitchen models with built-in appliances.
Finnish sauna and Turkish hammam.
Fitness room.
Indoor and outdoor parking.
Jacuzzi on the balconies of the second floor penthouse.
Outdoor heated pool.
All city infrastructure, the largest marina "Porto Novi" and the hotel "One&Only" are within walking distance.
Profitability Calculation
Rental price: 120 euros/night. Maximum occupancy: 70 days per season. Seasonal yield: 8,400 euros. Reservation costs: 15%.
Income minus reservation 714,000 euros.
Purchase and maintenance costs 210,000 + 600 (annual tax + fee) = 210,600.
Off-season rental: 800*8 = 6,400 euros
Total 13,540 euros
Payback period: 210,600 euros/13,540 = 15.5 years. Profitability: 13,540*100/210,600 = 6.4%.
Calculations are given for the year 2021-2022.
Amenities
- Furnished
- Pool
- Sea view
Location
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Questions about this property
What is the price per square metre?
At 900.000 € for 151 m², this listing works out to 5.960 € per square metre. Compare it with the city average in the market card on this page.
Which floor is it on, and is there a lift?
The property is on floor 1. No information about a lift was provided.
How do I arrange a viewing?
Call the number or send a message from the contact card on this page — you reach the advertiser directly, with no middleman and no booking fee. Viewings are usually arranged within a day or two.
What does buying cost for foreign nationals?
Foreign nationals buy apartments, houses and commercial units in Montenegro on the same terms as locals. On top of the price, budget for the real estate transfer tax (3% up to €150,000, 5% on the portion between €150,000 and €500,000, 6% on the portion above €500,000; new builds bought from a VAT-registered developer carry 21% VAT instead of the tax), the notary fee and the land registry charges. Agricultural land and forests must be bought through a locally registered company.
Is this listing still available?
The listing is active and the property is for sale. Contact the advertiser to confirm the latest status.