Crikvenica, Boutique Hotel in Strict Town Center

For sale · Commercial · Reference IB-19878

Price on request

Key facts

Price: Price on request
Living area: 625 m²
Rooms: 8
Bathrooms: 12
Floor: 5
Distance to sea: 129 m
Distance to airport: 11 km

100% below the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

11,250,000.0%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 625 m² that works out to roughly €9,375 per month and €112,500 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

Crikvenica, center, boutique hotel in shell construction. Ground floor, area 180 m2: - reception, terrace, swimming pool, staff facilities, two bathrooms, lift. First floor, area 136 m2: - two apartments, each 35 m2 - double bedroom with bathroom - terrace, balcony - lift. Second floor, area 119 m2: - two apartments, each 35 m2 - double bedroom with bathroom - balcony - lift. Third floor, area 108 m2: - two apartments, each 45 m2 - balcony - lift. Fourth floor: - roof terrace of 80 m2 with views of the sea and the island of Krk. By agreement with the investor, the property can be fully completed.

This text was machine translated and reviewed by the agency.