Villa Valeria – First Floor
Rental of a 200-square-meter villa with two garages in Montenegro, on the Luštica Peninsula in the village of Krašići, has been moved to the section
For Sale. The owner’s decision — to sell the villa.
Please take a look to the description of the 1st floor of Villa “Valeria”.
Location of the Villa in Montenegro
Villa “Valeria” is located in Montenegro, just 30 meters from the sea, not far from the town of Tivat, on the opposite side of the Bay of Kotor, in the village of Krašići on the Luštica Peninsula. The village of Krašići has a well-developed infrastructure – shops, bars, and restaurants are located half a kilometer from the villa, ensuring a quiet and peaceful atmosphere in this resort pearl of Montenegro.
General description of the villa:
- Villa building area: 88 m².
- Three floors.
- Total living area of Villa "Valeria": 214 m²
- Land plot area: 300 m².
- Garage area: 42 m².
- Open shared terrace (70 m²)
- Entrance from the seaside or through the garage.
- Utility rooms, water tank.
- Up to 14 guests can be accommodated.
Construction of the 1st Floor of the Villa
- Total area of the 1st floor: 88 m²
- Spacious living room with dining area (28 m²)
- Two bedrooms (14 m² each)
- Two bathrooms (one with bathtub, one with shower cabin)
- Spacious terrace (30 m²)
- Utility rooms, water tank
- The floor can accommodate up to 6 persons
Floor Equipment
- Television (SAT TV)
- Internet (Wi-Fi)
- Two air conditioners per floor
- Induction cooktop
- Microwave oven
- Tableware
- Grill on the open terrace
- Tables, chairs, sun loungers
- Outdoor summer shower on the terrace
Rental Profitability of the Villa
Villa “Valeria” was successfully rented out at a rate of 150 EUR per day. Considering a season of 120–150 days, the rental income per floor amounted to 18,000 EUR. From this amount, Booking commission, taxes, and maintenance costs after guests’ departure should be deducted. Divide by half. 9,000 EUR per year is the realistic net income for the villa owner from renting out one floor.
With simple calculations, the realistic net annual rental income from all 3 floors of the villa would amount to approximately 27,000 EUR, provided the owner delegates everything to third parties.
If the rental process is optimized (own website with booking system, regular customer base, optimized facility service), the net rental income of Villa “Valeria” may reach up to 50,000 EUR per year.
If renovation works are carried out to upgrade the interior and exterior to luxury level, the daily rental rate may increase to 200–300 EUR, i.e. 1.5–2 times. By simple calculation, the rental profitability of Villa “Valeria” can be increased to 75,000–100,000 EUR per year.
Comparison: a first-line luxury villa is rented at a rate of 750 EUR per day.
Villa for Sale
The preliminary estimated price of Villa “Valeria” is set at 890,000 EUR. The villa is offered through the reverse auction Balkan BID with the opportunity to submit your own lower price offer. As a result of the auction, the bidder offering the highest price will be selected. Auction
After reaching a preliminary agreement, the process of purchase and sale of the villa can begin. All preliminary questions can be submitted via the contact forms to the transaction curator — the administration of the Balkan BID auction.
If you are interested in this offer, please take a look to parameters of the second and third floors of Villa “Valeria”. Villa Valeria – II and III Floor
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