Description

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This studio is located in a new development project, in a beautiful area surrounded by nature, overlooking the sea, between Tivat and Kotor, overlooking the Tivat Bay. The project has one-bedroom and two-bedroom apartments. The construction of the project will start at the beginning of 2024 and will be completed in 2025. The project is carried out by a well-known international investor, who has carried out several similar projects in Montenegro. The apartment is located on the first floor of the building that will have a swimming pool, barbecue area, garden and parking for residents. It has an area of 20 m2 + 10 m2 mezzanine. The cash price of the studio apartment is €89,100 and the standard price is €99,000. The investor offers long-term payment plans. The investor also offers guaranteed rental programs and rental repayment agreements for this apartment with the following yield (net of annual property income tax): Studio, 1st floor Lease terms 4.0% Ex. of the purchase price €99,000 Annual return €3,960 The minimum lease term is 3 years. Lease payments begin after at least 70% of the purchase price has been paid and are prorated until the full price is paid. The rent is paid monthly. Apartments must be purchased fully furnished (with our kitchen and furniture packages) and fully equipped (with "small appliances" - either our standard small appliance package or small appliances purchased by the apartment owner) so that they are fully ready for hire. When signing a 10-year lease, the Furniture and Kitchen Package + Small Appliances Package are offered free of charge. When signing leases from 4 to 9 years, Furniture and Kitchen Packages + small appliances are offered at a discount of 40-90%. Rental yield The project was designed largely based on the requirements expressed by our clients who are looking for long-term rentals and who are looking for better build quality, modern design and furniture, spacious bathrooms and kitchen spaces, good connectivity to internet, parking spaces and a well-organized maintenance of the building. For these apartments, we can predict an effective yield between 7% and 9%.