Merin Plaza in Belgrade

Name: Sales in Merin Plaza started!
Start: 2022-07-04T06:52:22.435237+00:00
End: 2023-12-31T23:59:59+0000
Location: Merin Plaza

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Project info

Object ID: 20633

Finished at	December 2018
Price, m²	From 4800$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 40.00 m²
Floors	7
Apartments	26
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 3001$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

192,000$

Net profit

5,883$

Payback period

23.8 years

Avg property value increase per year

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About the project

As one of the most exclusive residential developments in Belgrade, almost completely sold out far before project completion, Merin Plaza represents one of Merin Group flagship developments and success stories.

Luxurious property concept with spacious apartments and premium quality of finishing works, combined with prominent location directly overlooking St. Sava Temple, shaped a unique extravagant product in the market, which was immediately recognized by demand side, making way for outstanding sales dynamics.

Property has been completed in 2018 and comprises 26 lavish apartment units, 2 modern retail units on the ground floor and 80 parking lots positioned on three underground parking levels.

Developer

We provide a full scope of professional services by consolidating expertise and in-depth knowledge and experience of our two independent bus…
Details about MERIN GROUP