Immobalko

Brač · Central Dalmatia · Croatia

Brac, house for sale, 2.000.000 €

For sale · House · Reference IB-17018

€2,000,000

Key facts

Price
€2,000,000
Price per m²
€2,353/m²
Living area
850 m²
Plot area
1,810 m²
Rooms
20
Bathrooms
20
53% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

8.8%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 850 m² that works out to roughly €14,630 per month and €175,560 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

Apartment building  with pool and additional land plot. The facility is located on a plot of 900 m2 and has 850 m2 of living space. It consists of 20 apartments, which are spread over 3 floors. Each apartment has a balcony, and 18 of them have a beautiful sea view. In addition to the apartment building, there is also a building plot for sale. It consists of two plots of 460 m2. On a small part of the plot there is a swimming pool, and the rest is empty. The property is located 400 m from the center, all apartments are air conditioned and there is 20 parking spaces. This property is a great opportunity for all those who want to engage in an already well-established business.

Location

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

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