PORTO MONTENEGRO CREATES MARINA RENTAL POOL
Porto Montenegro is one of the only marinas in the Mediterranean able to offer long-term berthing of up to 30 years. Not only does a lease provide guaranteed berth availability, but it also allows access to the marina’s hassle-free rental pool system, whereby owners receive 85% of the pooled rental income.
“We have been working on creating a marina berth rental pool to ensure maximum return potential for our investors. Following extensive research and review from our leaseholders, we are delighted to introduce this new rental pool concept, allowing our stakeholders not only to have a share of the profits but in the long term success of the project,” explains Tony Browne, Porto Montenegro Marina Director.
Benefits of a Porto Montenegro berth lease also includes; a 3 year price freeze to upgrade the berth in size for the price at time of purchase, the flexibility to sell the lease at any time and benefit from potential capital appreciation in this rapidly growing market and receive access to the Porto Montenegro Owner’s Club which is an exclusive members club offering a range of lifestyle benefits and experiences. A selection of berth leases are available between 15 and 30 years.
Nizar Tagi, Marina Sales Director comments, “The rental pool is a great opportunity for those looking for the security of a year-round berth, but still want the flexibility to cruise. We know the costs of operating a superyacht can be phenomenal, and with that in mind wanted to make berthing more efficient for our clients.”
With approximately 750 yachts over 25 metres in production and limited new marinas available due to high land costs, planning restrictions and environmental controls, there is a growing demand in the Mediterranean for berths of this size.
Positioned to capitalize on this berth shortage, Porto Montenegro’s infrastructure has been designed specifically around the needs of superyachts up to 180m and is only one of a few locations in which they can berth.
Complemented by spacious waterside residences, signature restaurants, lively bars and a wide range of sports, leisure and cultural activities, the marina is an ideal homeport solution for yachts of any size, whilst the country’s yacht-friendly legislation and outside EU tax benefits (7% VAT on marine related services, 0% VAT on charters and tax and duty-free fuel) present a powerful financial case for basing a yacht in Montenegro all year round.