Commercial property 105 m² in Budva, Montenegro

Montenegro, Budva

Archive cost $395,892

Sold or out of date

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Commercial property 105 m² in Budva, Montenegro

Updated at: 10/09/2022

Location

Country: Montenegro

Region: Budva Municipality

City: Budva

Address: Svatovska

Property parameters

Total area: 105 m²

Description

Commercial premises in the shopping and residential complex "TQ Plaza" in the very center of the main tourist city of Montenegro - Budva, in a place with high traffic, which ensures high liquidity of the object. Currently, the premise is successfully leased to a store of branded Italian clothes with franchising conditions. The lease agreement was concluded until May 2019 with the possibility of prolongation. The monthly rental income is 2.520,00 euros. All additional costs (including maintenance of the shopping center) are demolished by the tenant. Profitability over 7% per year.