MONTENEGRO LUXURY APARTMENTS
2.5 – 3.5 mil EUROS
ACT Investment
The Opportunity
- New building under construction and due for completion – April 2027
- 15 Year Lease to prestigious Commonwealth Government Tenant (5 Year Option)
- Fixed Annual Increases – 3.5%
- 6 Star Greenstar, 5.5 Star NABERS (targeting 6 Star)
Key Metrics
- Price – $240 million
- Stamp Duty (5.0%) – $12 million
- Due Diligence, allow – $100,000
- Development & Project Supervision by Purchaser, allow – $50,000
- Legal Expenses, miscellaneous acquisition costs allow – $50,000
- All-in costs – $252,200,000
- Year 1 Net Income – $12,726,000
- Property Yield – 5.30% (Vendor to provide a rental guarantee to 5.50% for first 2 years)
- Vendor to retain management for first 5 years (to satisfy commitments to the Tenant).
- Developed and Managed by ASX listed Australian Property Fund
