Immobalko

Brač · Central Dalmatia · Croatia

Brac, house for sale, 1.570.000 €

For sale · House · Reference IB-16824

€1,570,000

Key facts

Price
€1,570,000
Price per m²
€3,925/m²
Living area
400 m²
Plot area
500 m²
Rooms
14
Bathrooms
9
22% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

5.3%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 400 m² that works out to roughly €6,885 per month and €82,617 per year. See market data for this region

Estimated from asking rents. Not a guarantee of achievable rent.

Not included in the yield

Real estate transfer tax of 3 percent, notary, lawyer and commission, plus ongoing operating and management costs, vacancy, maintenance, tax on rental income and financing costs.

The net yield is therefore regularly well below this figure.

What we deliberately do not calculate
  • Holiday rental income and seasonal revenue. The rental average reflects long term leases, and we have no booking data for short lets.
  • Occupancy and seasonality. That would need booking data, which we do not collect.
  • Appreciation forecasts. Our quarterly series show past asking prices, and hindsight is not a forecast.
  • Net yield. It depends on closing costs, tax rate and financing of the individual buyer.

These figures are an automatic calculation from listing data. They are not investment advice, not an investment recommendation and not a valuation. They are based on asking prices of active listings on Immobalko, not on notarised purchase prices and not on rents actually achieved. Verify every figure with the agency, a tax adviser and a local lawyer before deciding.

Description

House in the very center of the town, first row to the sea with 6 apartments and a well-established restaurant that can be converted into business premises. The facility is currently in business use, but it can also be adapted for private purposes as a holiday home. The house has two separate entrances, one through the restaurant and the other directly to the apartment. Both the restaurant and the apartments are fully equipped. On the ground floor there is a covered terrace of approx. 60 m2 with two sanitary facilities + an open terrace of approx. 80 m2 (possibility of upgrading to 2 floors + attic). The main entrance is currently through the restaurant, which is completely decorated and furnished with all facilities, appliances and documentation. On the ground floor, with a separate entrance, there is a 20 m2 apartment with a terrace. In the basement there is a separate apartment of 25 m2 with a private terrace. On the first floor there are two studio apartments with a total area of approx. 80 m2 with a terrace. On the second floor, there are two apartments with a total area of approx. 80 m2 with a covered terrace of approx. 30 m2 + a 25 m2 storage room that serves as a laundry since it has a washing machine, dryer and ironing board. In the attic there are two apartments with a total area of 80 m2 with a view of the sea and the old town.

Location

The map shows the approximate area. The exact address is provided by the agency on request.

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