Crikvenica Center, Townhouse with Hall and Commercial Space

For sale · House · Reference IB-19543

€415,000

Key facts

Price: €415,000
Price per m²: €865/m²
Living area: 480 m²
Plot area: 500 m²
Rooms: 8
Bedrooms: 6
Bathrooms: 3
Distance to sea: 129 m
Distance to airport: 11 km

78% below the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

20.8%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 480 m² that works out to roughly €7,200 per month and €86,400 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

For investors! We offer a property in the very center of Crikvenica, just 250 m from the sea, consisting of a townhouse with commercial space on the ground floor (currently a spacious cafe with two wet rooms) and an upper floor with a three-bedroom apartment featuring a living room, kitchen, dining room and bathroom with WC. From the upper floor apartment there is a pleasant view of the sea and Crikvenica (possibility to add one more floor). Adjacent to the north side is a courtyard connecting this house to a large hall measuring 10 m x 20 m with a height of 7 m. This property is excellent for investors with the possibility to build a new residential building of P+3 floors with its own parking within the courtyard along with other amenities (and another building where the hall currently stands). Do not miss this opportunity!

This text was machine translated and reviewed by the agency.