Apartment 20 m² Kotor, Montenegro

This studio is located in new development project in the beautiful plot surround by nature, with seaview, between Tivat and Kotor, with the view on Tivat Bay. The project has studio, 1 bedroom and 2 bedroom apartments. The construction of the project will start in the beginning of 2024, and it will be finished in 2025. The project is done by reputable international investor who did several similar projects in Montenegro. The apartment is located on the first floor of the building that will have the pool, barbecue area, garden and parking for residents. It has 20 m2 + 10 m2 mezzanine. Cash price of the studio apartment is 89 100 EUR, and standard price is 99 000 EUR. ‍ The investor offers long term payment plans. Also, investor offers guaranteed leaseback programs and leaseback cash back agreements for this apartment the following return (net of annual property income taxes) Studio 1st floor Terms Leaseback 4.0% Ex. of Purchase Price 99.000€ Annual Return 3.960€ The minimum duration of the leaseback contract is 3 years. Leaseback payments start once at least 70% of the purchase price has been paid and is calculated on a pro-rata basis until the full price is paid. The leaseback is paid monthly. The apartments need to be bought fully-furnished (with our “kitchen and furniture packs”) and fully equipped (with “small appliances” – either our standard small appliances pack, or small appliances to be bought by the owner of the flat), therefore fully ready for rental. On signing a 10 years leaseback contract, the Furniture and Kitchen Pack + Small appliances pack are free of charge. On signing leasebacks from 4 to 9 years, the Furniture and Kitchen Packs + small appliances are offered with a 40-90% discount. ‍ Rental Yields The project has been designed in great part based on the requirements expressed by our long-term lets clients who are looking for a higher quality of construction, modern design and furniture, spacious bathrooms and kitchen space, good internet connection, parking space, and a well organised maintenance of the building. For these apartments, we can predict an effective yield between 7% and 9% ‍