CRIKVENICA - NEWLY RENOVATED APARTMENT 23m2

For sale · Apartment · Reference IB-19061

€149,695

Key facts

Price: €149,695
Price per m²: €6,508/m²
Living area: 23 m²
Rooms: 2
Bedrooms: 1
Bathrooms: 1
Floor: 1
Distance to sea: 129 m
Distance to airport: 11 km

66% above the regional average (Region average: €3,931/m²)Online for 13 days

Investment overview

Estimated gross yield

2.8%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 23 m² that works out to roughly €345 per month and €4,140 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

An apartment of 23 m2 (living room, bathroom, bedroom) is for sale within a newly renovated apartment complex in an excellent location, 300 m from the center of Crikvenica and from the nearest beach. The apartment is equipped with the latest technology, allowing control of the cooling and heating system as well as water heating via boiler through a mobile application. Entry door is a Diere anti-burglar model, internal doors are made of mediaboard with magnetic locks. Bathrooms are fitted with furniture made of Keroc material (100% resistant to impact and water). Within the complex there will be a reception, wellness facility and restaurant, as well as state-of-the-art video surveillance. The apartment has a developed rental model, whereby the entire complex will operate as a hotel and the future owner will be able to rent it out with minimal personal involvement thanks to organized support. The property is in the VAT system and the buyer does not pay 3% tax! An excellent investment!

This text was machine translated and reviewed by the agency.