Residential and Commercial Property in Igalo, Herceg Novi

Unlock the Potential of Igalo, Herceg Novi

Investing in real estate can often feel like navigating through uncharted waters, but with this remarkable residential and commercial property in Igalo, Herceg Novi, you are gliding on calm seas toward a prosperous future. Just a short 300-meter stroll to the shimmering shores of the Adriatic, this property beckons investors with its promising attributes and prime location.

A Strategic Location

Nestled along the bustling main road, this property is not only easily accessible but benefits from high foot and vehicle traffic, making it a beacon for potential clients and tenants alike. Igalo, a picturesque coastal town, has grown in popularity over the years, thanks to its health resorts and vibrant community life. Investing here means capitalizing on a locale that effortlessly attracts both tourists and locals.

Community Developments and Attractions

The surrounding area is brimming with developments that enhance the allure of this property. With new cafes, boutique shops, and recreational facilities sprouting up, Igalo is becoming a sought-after destination for both relaxation and investment. Historical sites, such as the revered Monastery Savina, are within easy reach, further enriching the cultural tapestry of the region. The famous Herceg Novi Riviera, with its stunning beaches and delightful promenades, offers a perfect blend of leisure and adventure.

Diverse Features for Flexible Living

Within this carefully designed building, you will find:

– A spacious ground floor commercial space of 40 m², ideal for an array of business ventures.
– Two expansive two-bedroom apartments, measuring 78 m² and 71 m² respectively, perfect for families or as rental units.
– A cozy top-floor 61 m² apartment, featuring rooftop views, ideal for quiet living.

Each space is meticulously crafted to ensure a harmonious blend of form and function, promising inhabitants the comfort they desire.

Rental Income Possibilities

The versatility of this property speaks volumes about its investment potential. The ability to rent out both commercial and residential spaces creates multiple income streams, which is crucial for any savvy investor. Picture this: welcoming visitors who are drawn to your charming shop below while enjoying your evening in a stylish apartment just above.

Robust Return on Investment (ROI)

Let’s delve into the finances. With an initial investment of 605 000€ and an attractive rental strategy, here’s how your potential income could unfold:

– **Summer Income**: With a monthly rental yield of 6 000€ for three months (including the commercial space and apartments)
– **Winter Income**: A potential of 2 000€ per month for the remaining nine months.

Calculating the figures, we arrive at:

– Summer income: 3 months × 6 000€ = 18 000€
– Winter income: 9 months × 2 000€ = 18 000€
– **Total Yearly Income**: 36 000€

This translates to an enticing estimated ROI of approximately 6.55%, putting you in a strong position in the ever-growing real estate market of Herceg Novi.

Conclusion

This property stands as a lighthouse guiding investors toward a promising horizon in Igalo, Herceg Novi. With its strategic location, diverse rental opportunities, and an ever-developing community, this investment is not just a purchase; it’s an opportunity to build wealth and create a legacy. Don’t let this chance drift away; seize the moment for a brighter financial future today!