Crikvenica · Kvarner · Croatia

Crikvenica, Dramalj pension and restaurant first line to the sea

For sale · Commercial · Reference IB-19886

€3,900,000

Key facts

Price: €3,900,000
Price per m²: €2,294/m²
Living area: 1,700 m²
Rooms: 22
Distance to sea: 376 m
Distance to airport: 8 km

42% below the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

7.8%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 1,700 m² that works out to roughly €25,500 per month and €306,000 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

INVESTMENT OPPORTUNITY! PENSION AND RESTAURANT FIRST LINE TO THE SEA! Pension with 22 rooms and restaurant. In addition to furnished and equipped rooms, there is a five-room apartment within the building, and a garage for 4 cars. Large terrace for 60 persons and another smaller one on the upper floor. Restaurant equipped with a new kitchen, lift from the kitchen to the dining hall 10 x 4 m located on the upper floor.

This text was machine translated and reviewed by the agency.