House in Škaljari

Investment Potential in the Heart of Škaljari

Nestled in the picturesque setting of Škaljari, Kotor, this charming house offers a rare opportunity for savvy investors. The serene ambiance of the area is complemented by its proximity to the stunning Adriatic Sea, making it an ideal spot for both family living and rental ventures. The property is strategically located just 1000 meters from the coast, ensuring that residents can quickly access the beach while enjoying the tranquility of the neighborhood.

Local Development and Attractions

The Škaljari region is rapidly developing and presents numerous attractions and amenities for both residents and tourists. With the growth of Kotor as a renowned tourist destination, the demand for quality accommodation continues to rise. Here are some key highlights of the area:

– **Rich Cultural Heritage**: Kotor is known for its historical significance, offering visitors ancient architecture and charming streets to explore. The UNESCO World Heritage Site of Kotor Bay is just a stone’s throw away, providing ample cultural experiences.
– **Vibrant Local Life**: The community features a mix of traditional restaurants, local markets, and vibrant festivals that celebrate the unique Montenegrin culture. The nearby marina attracts yachting enthusiasts, contributing to a lively atmosphere.
– **Natural Beauty**: Surrounded by breathtaking mountains and crystal-clear waters, the region is perfect for outdoor enthusiasts. Hiking, sailing, and water sports are just some activities that residents and visitors can enjoy year-round.

Features of the Property

This spacious house, built in 1988, boasts four separate apartments, which can be an appealing feature for investors looking to maximize rental income. Here are some of the property’s standout characteristics:

– **Ample Space**: With a total living area of 300 m² and an 800 m² lot, there is plenty of room to expand or renovate. The layout provides flexibility, allowing for various possibilities.
– **Accommodation Options**: The 10 bedrooms offer versatility – ideal for families, larger groups, or tourists seeking unique accommodations.
– **Comfort & Convenience**: The property comes with four dedicated parking spaces and air conditioning, ensuring comfort for residents and guests alike.

A Goldmine for Rental Income

Investing in a property in Škaljari is not just purchasing a house; it’s seizing an opportunity to tap into the growing rental market. The booming tourism season in Montenegro presents excellent prospects for investors. With organized rental services in place, this property can easily cater to seasonal demands, significantly boosting your ROI.

Highlights of the ROI Potential

Calculating the return on investment reveals the strong financial potential this property offers. With a strategic rental pricing model, the figures clearly show significant earnings:

– **Projected Income**:
– Summer Season (60 days): 10 bedrooms × 30€ × 60 days = 18 000€
– Off-Peak Season (180 days): 10 bedrooms × 15€ × 180 days = 27 000€
– **Total Annual Income**: 45 000€

Given the competitive purchase price of 770 000€, the ROI calculation can be outlined as follows:

– ROI = (45 000€ / 770 000€) × 100 = 6.43%.

This figure exemplifies the potential for steady cash flow alongside the property’s appreciation over time.

Conclusion

This property in Škaljari, Kotor encapsulates a unique blend of comfort, opportunity, and investment potential. Whether you choose to maintain it as a family residence or dive into the lucrative rental market, the possibilities are boundless. Don’t miss the chance to invest in this thriving area, where your investment could flourish alongside Montenegro’s growth as a prime tourist destination. Take the leap and discover the potential that awaits within these walls.