Hotel, Selce, 5500 m2 (For Sale)

For sale · House · Reference IB-20993

€8,000,000

Key facts

Price: €8,000,000
Price per m²: €1,455/m²
Living area: 5,500 m²
Year built: 2003
Distance to sea: 416 m
Distance to airport: 8 km

63% below the regional average (Region average: €3,931/m²)Online for 1 day

Investment overview

Estimated gross yield

12.4%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 5,500 m² that works out to roughly €82,500 per month and €990,000 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

We are intermediating the sale of a Hotel located in Selce - Crikvenica, built in 2003 and refurbished in 2014. It is situated in the first line to the sea, 70m above the promenade with beautiful views over the sea. The hotel consists of 7 floors with 60 rooms, each with a balcony, most with sea views and others overlooking the park. All rooms feature en-suite bathrooms, air conditioning with adjustable settings, TV, satellite TV, mini bar, safe and internet connection. The hotel includes a restaurant, reception, swimming pool, fitness centre, sauna, conference hall and taverna. Contact: 091 313 2212

This text was machine translated and reviewed by the agency.