Spacious villa in Šušanj on a large plot

We offer for sale a large villa in the city of Bar located near the Adria hotel.

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

The villa is 500 m from the sea.

First floor of the villa: gym equipped with machines, sauna, toilet with jacuzzi, relaxation room with table tennis.

Second floor: spacious living room with fireplace, kitchen fully equipped with appliances and utensils, 2 bathrooms (one with shower), bedroom.

Third floor: spacious wardrobe, large hallway, 4 bedrooms, 4 bathrooms (one with jacuzzi, another with shower), 5 terraces with sea view, 5 terraces with mountain view.

The villa is quality renovated, doors and furniture made of rare wood, handmade, oak staircase with wrought iron.

There is video surveillance, gas supply, fire protection system, additional water tank, city communications, Wi-Fi, solar panels installed on the house.

On the property, there is a pool of 96 m3, a barbecue area with furniture, shower cabin, and toilet.

Also on the property is a guest house with a living room, bedroom, kitchen, toilet. The house is fully furnished.

Standalone wine cellar with furniture.

On the property, there is a garden with fruit trees: pomegranate, lemon, tangerines, figs, oranges. Lots of flowers.
There is a covered garage for 1 car and parking for 4 cars.

Lighting throughout the area.

Profitability Calculation

Liquidity Calculation:

1) Option for long-term lease in one hand

Monthly price 2500 euros*12 = 30000 euros

Purchase costs 1,200,000 + 36,000 (one-time property transfer tax at purchase 3%) + 1,500 (annual tax) = 1,237,500

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

2) Renting 600 euros/day. Maximum occupancy is 90 days per season. Profitability per season 54000. Booking costs 15%

Profitability minus Booking 45900 euros.

Purchase costs 1,200,000 + 36,000 (one-time property transfer tax at purchase 3%) + 1,500 (annual tax) = 1,237,500

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

Calculations are given for 2021-2022.