New build€660,000
Rovinj · Istria
Rovinj, novogradnja, dvosobni stan na prvom katu + garažno mjesto
110 m²
1 / 5
Crikvenica · Kvarner · Croatia
Crikvenica - Historic Villa/Resort Beachfront Property
For sale · Commercial · Reference IB-19817
€1,200,000
Key facts
- Price
- €1,200,000
- Price per m²
- €3,000/m²
- Living area
- 400 m²
- Floor
- 1
- Distance to sea
- 129 m
- Distance to airport
- 11 km
24% below the regional average (Region average: €3,931/m²)Online for 13 days
Investment overview
Estimated gross yield
6.0%
Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 400 m² that works out to roughly €6,000 per month and €72,000 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
Tourist and catering facility in a prime beachfront location. Former resort requiring complete renovation. Property for investors. A concept design has been prepared for a four-star hotel. Two basement levels: level -2 would contain a garage with parking spaces, level -1 would house hotel support rooms and a recreational and entertainment area. On the ground floor (partially underground due to terrain configuration), reception, kitchen and restaurant with ancillary rooms. From the first to fourth floor, apartments and guest rooms. The building's floor plan area would be 425 m2, with total built-up area of approximately 2400 m2. The property is located in a construction zone where tourist and catering facilities are permitted. The land area is 890 m2. Maximum permitted building density is 50%, with terraces, pools and similar features not counted toward building density. Land use conversion has been requested, making it likely that residential and multi-residential buildings could be constructed in addition to or instead of hotel-type structures.
This text was machine translated and reviewed by the agency.
Features
- Pool
Location
The map shows the approximate area. The exact address is provided by the agency on request.