Immobalko

Buzet · Istria · Croatia

For sale is a commercial space of the Buzet Department Store located in the very center of Buzet…

For sale · Commercial · Reference IB-14471

€2,966,000

Key facts

Price
€2,966,000
Price per m²
€887/m²
Living area
3,344 m²
Distance to airport
52 km
78% below the regional average (Region average: €4,068/m²)Online for 11 days

Investment overview

Istria currently has 3 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 commercial space of the Buzet Department Store located in the very center of Buzet, near the main city square Fontana. The area of the space is 1584m2. Depending on the needs, the space can be repurposed. Along with the space, a private parking lot of 1796m2 is also for sale, located next to the Buzet Department Store. The building has a basement with several commercial spaces and a ground floor. The construction of the building is reinforced concrete, prefabricated (columns, beams, roof trusses) in combination with steel supports. The current state of the building is non-functional, in a condition intended for adaptation and bringing to its final purpose. The building plot is connected to the public traffic area and communal infrastructure: water supply, drainage, and low voltage electrical network. From the street side, there is an asphalted access with parking for personal vehicles. Given the location of the department store and the traffic frequency, it is intended for business use. The space is suitable for many activities such as an arcade club, polyclinic, retail, hospitality, motel, hostel, nursing home. Ownership is clear 1/1.

Location

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

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