Immobalko

Brač · Central Dalmatia · Croatia

Brac, house for sale, 1.200.000 €

For sale · House · Reference IB-17128

€1,200,000

Key facts

Price
€1,200,000
Price per m²
€1,967/m²
Living area
610 m²
Plot area
800 m²
Rooms
13
Bathrooms
9
61% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

10.5%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 610 m² that works out to roughly €10,507 per month and €126,083 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

Villa with 9 apartments and pool – fantastic for rental business Croatia Property Sales presents this spacious well maintained villa on Brac island, steps away from the beach and easy walk from the center of the very charming village.  Semi-interred (ground) floor: breakfast/dining room, wine bar, fire place, kitchen, billiard room, toilets, storage, laundry (washer, dryer, ironer). Led lights throughout, underfloor heating and excellent vent system. On this floor there is also a small studio apartment.  First floor contains one big 3 bedroom apartment. Living rooms and master bedrooms have access to beautiful terraces/balconies, some of which are facing the sea, while the others are facing garden/pool area.  This level hosts the owner's 1-bedroom 1-bathroom apartment with open-plan kitchen and living room.  Second floor has also 2 apartments used for rental. One of them is a large studio with 2 beds, kitchen and dining room, bathroom and lovely balcony with sea views. The other unit is 1-bedroom apartment with open plan living room/kitchen and bathroom. It does not have sea views.  The remaining two rental units are both studio apartments, accessed from the ground floor and next to the parking (featuring 30 sqm terrace). The back side of the garden contains auxiliary detached house – a small 1-bedroom apartment with covered terrace, right next to the pool area, with summer bar, sundeck, table for al-fresco dining and a shower.    All the floors in the main building are vertically connected throught by stairs. All units are air-conditioned, garden lanscaped and the property is, overall, in an excellent condition.  It may provide substantial rental income to the future owner and anyone looking to combine relaxed island living with hospitality business should come to see this beautiful property.

Location

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

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