Immobalko

Korčula · Southern Dalmatia · Croatia

Korcula, villa for sale, 2.500.000 €

For sale · Villa · Reference IB-16937

€2,500,000

Key facts

Price
€2,500,000
Price per m²
€4,085/m²
Living area
612 m²
Rooms
7
Bathrooms
7
8% 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

Family villa-hotel in a great location. It consists of 7 rooms with bathrooms, reception, meeting room, kitchen, and a spacious terrace with tables for guests. The terrace offers a wonderful view of the sea. On the ground floor there is a reception, restaurant/bar, kitchen, sanitary facilities. In the basement there is a common room for socializing with the possibility of arranging a smaller SPA and the construction of an outdoor beach bar has begun. There are four rooms on the 1st floor. On the 2nd floor, there are two rooms, and another room that needs to be renovated, as well as a separate room, a storage room, and a laundry room with a toilet for the staff. All rooms are luxuriously and modernly decorated. The villa has 6 parking spaces. It is surrounded by gardens with Mediterranean herbs and olives. The business is established and this property represents an excellent investment in tourism.

Location

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

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