Crikvenica, 100 m2, excellent location for business activity

For sale · Commercial · Reference IB-19836

€215,000

Key facts

Price: €215,000
Price per m²: €2,150/m²
Living area: 100 m²
Rooms: 3
Bathrooms: 1
Distance to sea: 129 m
Distance to airport: 11 km

45% below the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

8.4%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 100 m² that works out to roughly €1,500 per month and €18,000 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

Sale of a renovated apartment with two cellars in an excellent location in Crikvenica - an opportunity for a medical or dental practice, as well as for a law office or other office! It is located on the ground floor, has 100 m2, a large living room, one large bedroom and another smaller one, a kitchen, a bathroom, a terrace, a yard for use and two storage rooms (sheds) totalling 15 m2 which also have electricity and water connections and can be repurposed. The entrance is from two sides (upper and lower streets). The yard and terrace are shared for use with 3 other apartments. The building has a new roof, changed 5 years ago as well as all new carpentry (PVC). Floors and electrical and water installations are new. It can be divided into two smaller units, each with its own entrance. Can be used as business space, but also for residential, holiday, tourist rental purposes. There is a possibility of exchange for a smaller apartment near the sea in the Opatija area.

This text was machine translated and reviewed by the agency.