Commercial property in Sutomore, Montenegro, 483 sq.m

ID 584

Commercial real estate for sale in Sutomore.

The utility building is registered as a commercial premises in the center of Sutomore at the intersection of the busiest streets leading to the sea.
The best place to trade.
According to the documents, the area of the premises is 483 square meters, and the actual area is 100 square meters larger, which can be easily arranged by paying the utilities with a mini-project for this added part.
The building was leased to the best and largest trading company "FRANCA" for a period of 10 years. Two years of lease have passed, 8 more years left.
The agreement was drawn up in such a way that for the period of the first 5 years, i.e. 60 months, the rent is 2,420 euros including VAT (with the condition that they invest 250,000 euros including VAT in the renovation of the building), and for another 5 years, i.e. another 60 months, rent is 4840 euros including VAT.

Cost 1,600,000 euros