Duplex Apartment with Sea View in Savina

Explore the Enchantment of Savina: A Desirable Locale for Investors

Investing in a property is not merely a financial decision but a step towards enhancing your lifestyle. The duplex apartment located in Savina, Herceg Novi, represents a remarkable opportunity to capitalize on the charm of coastal living while ensuring a promising financial return. Here we delve into the captivating aspects of the location, the growth potential of the area, and the allure of the property itself.

Herceg Novi: A Jewel on the Adriatic Coast

Herceg Novi is renowned for its rich history and stunning landscapes. With its beautiful beaches, vibrant lifestyle, and warm Mediterranean climate, this coastal town attracts tourists year-round. Its charming promenade, dotted with cafes and shops, invites leisurely strolls, while the nearby mountains offer breathtaking views and hiking opportunities. Notable attractions include:

– The iconic Savina Monastery, a testament to the town’s cultural heritage.
– Španjola Fortress, which provides a panoramic view of the Bay of Kotor.
– Numerous beaches such as Plava Špilja and Vele Lisi, perfect for sunbathing and water activities.

The demand for seasonal rentals spikes during the summer months, attracting both domestic and international tourists. This ensures that your property remains a highly sought-after destination, making it an intelligent choice for investors.

Future Development: A Blossoming Area

The surrounding area of Savina is projected to witness significant growth in terms of infrastructure and amenities, enhancing the overall appeal of the neighborhood. Plans for new roads, upgraded public facilities, and increased recreational options continue to emerge, indicating a commitment to modernization. This urban development is vital for potential investors as it not only improves the quality of life but also adds value to your property.

Investing in a growing community often leads to a higher appreciation rate for properties, making this duplex an even more enticing option. As the area becomes more popular, expect to see an increase in property values—providing a solid foundation for your investment.

Prime Features of the Duplex Apartment

The duplex apartment itself is a sanctuary of comfort and elegance. Imagine stepping into a bright and airy living room, where natural light floods the space, creating a warm and welcoming atmosphere. The well-designed kitchen allows for culinary creativity, while the terrace offers an ideal spot to sip coffee and soak in the mesmerizing sea views.

Key features include:

– Two spacious bedrooms for restful nights.
– Two modern bathrooms, ensuring convenience for family or guests.
– A private yard of 100 m², perfect for outdoor gatherings or quiet moments of leisure.
– Proximity to local shops, restaurants, and recreational facilities.

Maximizing Your Investment: A Financial Perspective

In terms of financial viability, this property is a dream for savvy investors. With the peak rental price during the summer reaching approximately 1 200€ per month and 700€ during the off-peak season, your potential rental earnings are substantial. Let’s break down the numbers:

ROI Calculation

Annual Income: 15 400€
Initial Investment: 517 000€
ROI = (Annual Income / Investment) * 100 = (15,400 / 517 000€) * 100 ≈ 3.28%

This projected ROI of approximately 3.28% positions the duplex apartment as a viable option in the burgeoning market of Herceg Novi.

Conclusion: Seize This Golden Opportunity

Owning a property like the duplex apartment in Savina is more than just an investment; it’s an invitation to embrace a lifestyle drenched in the beauty and tranquility of the Adriatic. With exceptional features, a stunning location, and promising financial returns, this opportunity should not be overlooked. Seize the chance to own a piece of this Mediterranean paradise, where the sea meets sky, and your investment dreams can take flight.