Immobalko

Makarska · Central Dalmatia · Croatia

For sale is the Sisters of the Adriatic complex located in Veliko Brdo in Makarska. The complex…

For sale · Commercial · Reference IB-14424

€3,900,000

Key facts

Price
€3,900,000
Price per m²
€3,095/m²
Living area
1,260 m²
Year built
2015
Distance to airport
28 km
39% below the regional average (Region average: €5,049/m²)Online for 11 days

Investment overview

Estimated gross yield

6.7%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 1,260 m² that works out to roughly €21,687 per month and €260,242 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

For sale is the Sisters of the Adriatic complex located in Veliko Brdo in Makarska. The complex consists of four identical, newly built luxury villas (one has been sold in the meantime, leaving three villas remaining). Each villa is positioned on a separate plot, as a standalone object independent of the other villas. The area of each villa is approximately 350 m2 (basement, ground floor, and first floor), while the area of the corresponding plots is around 420 m2. All four villas have an OPEN VIEW to the sea and islands on one side and the Biokovo mountain on the other side. The entire complex has been carefully designed and fully equipped with all the amenities and furnishings necessary for living. Each villa has its own pool and outdoor fireplace. Although they are located next to each other, the villas ensure privacy and discretion. Each villa is for sale at a price of €1,300,000.00 with the possibility of purchasing the entire complex. The tourist rental price ranges from €600 to €1000 per day. A video presentation is available on YouTube (must watch): https://www.youtube.com/watch?v=Mj8nuw7J7dc

Location

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

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