Immobalko

Dubrovnik · Southern Dalmatia · Croatia

Dubrovnik, old stone house for sale, 3.000.000 €

For sale · House · Reference IB-16759

€3,000,000

Key facts

Price
€3,000,000
Price per m²
€3,000/m²
Living area
1,000 m²
Plot area
2,900 m²
Rooms
40
Bathrooms
20
32% below the regional average (Region average: €4,431/m²)Online for 1 day

Investment overview

Southern Dalmatia currently has 2 active rental listings. From 20 comparable listings onwards we show the estimated gross yield here.

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 exceptional property located at the source of the Omble, the shortest river in the world. The property is located in Rijeka Dubrovnik, known as the bay of palaces dating back to the 15th century.  It is a former pasta factory where it is possible to build approximately 40-80 apartments of 80-90 m2, hotel accommodation and a restaurant on the ground floor of the building.  The property also has a chapel from the 16th century, which is located on the plateau behind the building and can be used as a location for weddings or other ceremonies. Even in this condition, the property itself is very visited, especially in the season due to its natural beauty and waterfalls. Given that the property is located near the ACI marina, it is possible to access it from the sea side. It takes 15 minutes to drive to the center of Dubrovnik and 30 minutes to the airport. It is possible to buy the property in whole or in part, and it is owned by a Croatian company.

Location

The map shows the approximate area. The exact address is provided by the agency on request.

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