Istria, Fažana Small Hotel + Restaurant

For sale · Commercial · Reference IB-19705

€1,300,000

Key facts

Price: €1,300,000
Price per m²: €5,556/m²
Living area: 234 m²
Bathrooms: 4
Floor: 2
Distance to sea: 146 m
Distance to airport: 10 km

37% above the regional average (Region average: €4,051/m²)Online for 12 days

Investment overview

Istria currently has 15 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

INVESTMENT OPPORTUNITY! A small family-run hotel with restaurant is for sale in a highly frequented location in the old town centre. The hotel has 4 rooms with sea views. On the ground floor there is a reception area, kitchen, restaurant and 2 bathrooms. On the 1st and 2nd floors there are 4 rooms and 2 additional bathrooms for restaurant guests. The property has a floor area of 78 m2 per floor. It was renovated in 2016. Sold fully furnished and equipped - kitchen, restaurant, rooms, boiler room. 4 parking spaces for hotel guests are guaranteed. The terrace in front of the restaurant with seating for 50 guests is in the owner's possession.

This text was machine translated and reviewed by the agency.