Kraljevica - Construction Started with Concept Design

For sale · House · Reference IB-19501

€937,500

Key facts

Price: €937,500
Price per m²: €1,242/m²
Living area: 755 m²
Plot area: 1,349 m²
Rooms: 20
Distance to sea: 1.2 km
Distance to airport: 5 km

68% below the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

14.5%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 755 m² that works out to roughly €11,325 per month and €135,900 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

The property is located in Kraljevica municipality on building land with an unfinished house on the northern part of the plot. Distance from the main road is approximately 300 m as the crow flies. Distance from the sea approximately 800 m as the crow flies. Distance from Krk Bridge 1 km as the crow flies. It is situated in a quiet settlement facing the sea where rental properties and family houses are located. This year, internal partitions were made in the building according to a concept design for a hostel. Certainly an excellent investment opportunity.

This text was machine translated and reviewed by the agency.