€89,100 Kotor 20m2 studio apartment

This studio is located in a new development project on a beautiful plot surrounded by nature with a sea view, between Tivat and Kotor, overlooking the Tivat Bay. The apartment is located on the first floor of the building, where there will be a pool, barbecue, garden and parking for the residents. It has a mezzanine floor of 20 m2 + 10 m2. The project includes studio apartments, 1-bedroom and 2-bedroom apartments.
The cash price of the studio apartment is EUR 89,100, the standard price is EUR 99,000.
‍The investor offers long-term payment plans.
In addition, the investor offers guaranteed leaseback programs and cashback contracts for this apartment with the following yield (excluding annual property income tax)
Studio 1st floor
Leaseback terms 4.0%
Volt. from the purchase price
€99,000
Annual return
€3,960
The minimum term of the leaseback contract is 3 years. The leaseback payment starts when at least 70% of the purchase price has been paid and is calculated proportionally until the full price is paid. The leaseback is payable monthly. The apartments must be purchased fully furnished (with our kitchen and furniture packages) and fully equipped ("with small appliances" - either with our standard small appliance package or with small appliances that can be purchased by the apartment owner). therefore, it is completely ready to rent. When concluding a 10-year leaseback contract, the Furniture and Kitchen Package + Small Appliance Package is free. In the case of a 4-9 year leaseback, Furniture and Kitchen packages + small appliances are available at a 40-90% discount.
Rental yields
The project was designed largely based on long-term needs and allows for higher-quality construction, modern design and furniture, spacious bathroom and kitchen, good internet connection, parking space, and well-organized maintenance of the building. For these apartments, we can predict an effective return of between 7% and 9%