€750,000
Vrsar · Istria
Vrsar, kamena kuća na samo 250m od mora
350 m²
1 / 17
Pag · Northern Dalmatia · Croatia
Island of Pag, Pag, hotel with restaurant and well-established business, 750 m²
For sale · Commercial · Reference IB-19949
€1,450,000
Key facts
- Price
- €1,450,000
- Price per m²
- €1,933/m²
- Living area
- 750 m²
- Rooms
- 25
- Bathrooms
- 25
- Floor
- 3
- Distance to sea
- 1 m
- Distance to airport
- 44 km
50% below the regional average (Region average: €3,850/m²)Online for 10 days
Investment overview
Northern Dalmatia currently has 10 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
For sale is a hotel with a restaurant and an established tourist business in the town of Pag on the island of Pag, in the area of Vodice, only 100 meters from the sea. The city of Pag is known for its rich cultural heritage and authentic gastronomic offer, and the city center is only 1 km away, while in the immediate vicinity there are numerous cafes, restaurants and the nearest shop at 130 m. This is the sale of a trading company, the boarding house is a legal entity and is being sold as such, together with the facility, equipment and established business. The building with a total area of 750 m² was built on a plot of 617 m² and extends over four floors. Layout of the ground floor: - Reception - Sanitary unit - Kitchen equipped with HACCP tools, with two refrigerators and a pantry - Dining room with 30 indoor and 40 outdoor seats - Restaurant as a separate entity, with 60 seats (20 inside and 40 outside) Floor layout: - 24 air-conditioned rooms with attached bathrooms and loggias, distributed on the first, second and third floors with separate side entrances Advantages: - Private parking in the yard, 7 or more spaces - Hot water via solar, central boiler 2000 l - Completely renovated in 2018, including installations, floor coverings, carpentry and furniture - Cable television and internet - Ownership certificate, construction and use permit in order This facility is ideal for an investor who wants to take over an already established and profitable hotel business in a prime location on the island of Pag, just a step away from the sea and the city center. The combination of a completely renovated building, a proven business and an exceptional location makes this property a rare opportunity on the market. For any additional questions or to arrange a viewing of the property, please do not hesitate to contact us.
Location
The map shows the approximate area. The exact address is provided by the agency on request.