Rab · Kvarner · Croatia

Kvarner - Hotel on an Island

For sale · Commercial · Reference IB-19646

€4,900,000

Key facts

Price: €4,900,000
Price per m²: €4,026/m²
Living area: 1,217 m²
Rooms: 29
Bathrooms: 29
Distance to sea: 93 m
Distance to airport: 36 km

2% above the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

4.5%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 1,217 m² that works out to roughly €18,255 per month and €219,060 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

Kvarner Bay, a successful hotel on an island, near the beach, with wellness facilities, an indoor pool and a conference hall for 60 persons. Croatia / Kvarner Bay - on an island, this distinctive hotel is being sold in an excellent location. It is just a few metres from the beach. The hotel offers numerous advantages and represents an exceptional offering. We kindly ask for your understanding that further details can be provided only upon registration. Please contact us!

This text was machine translated and reviewed by the agency.