Opatija near centre, house with 15 apartments

For sale · House · Reference IB-19722

€8,000,000

Key facts

Price: €8,000,000
Price per m²: €9,060/m²
Living area: 883 m²
Plot area: 2,965 m²
Rooms: 32
Bedrooms: 17
Bathrooms: 15
Distance to sea: 464 m
Distance to airport: 25 km

130% above the regional average (Region average: €3,931/m²)Online for 13 days

Investment overview

Estimated gross yield

2.0%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 883 m² that works out to roughly €13,245 per month and €158,940 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

Opatija near centre, house with 15 apartments, 500 m from the beach, with an established rental business. The entire property is well-maintained, with a large parking area for 20 cars in front of the house. The apartments are distributed across 6 floors with a total building area of 883 m2. Basement 1: covers 134.69 m2 and comprises: - reception, toilet and storage - apartment no. 1: 32.89 m2 (kitchen, living room, bathroom) - apartment no. 2: 32.89 m2 (kitchen, living room, bathroom) Basement 2: covers 147.19 m2 and comprises: - hallway - storage - apartment no. 3: 39.97 m2 (entrance, kitchen, living room, bedroom, bathroom) - apartment no. 4: 46 m2 (entrance, bathroom, kitchen, living room, bedroom) - apartment no. 5: 39.97 m2 (entrance, bathroom, kitchen, living room, bedroom) Ground floor: covers 154.53 m2 and comprises: - hallway - storage - apartment no. 6: 42.61 m2 (entrance, bathroom, kitchen, living room, bedroom, terrace) - apartment no. 7: 48.06 m2 (entrance, bathroom, kitchen, living room, bedroom, terrace) - apartment no. 8: 42.61 m2 (entrance, bathroom, kitchen, living room, bedroom, terrace) 1st floor: covers 185.69 m2 and comprises: - hallway - apartment no. 9: 53.97 m2 (entrance, bathroom, kitchen, living room, two bedrooms, terrace) - apartment no. 10: 56.38 m2 (entrance, bathroom, kitchen, living room, bedroom, terrace) - apartment no. 11: 53.97 m2 (entrance, bathroom, kitchen, living room, two bedrooms, terrace) 2nd floor: covers 185.57 m2 and comprises: - hallway - apartment no. 12: 53.97 m2 (entrance, bathroom, kitchen + living room, two bedrooms, terrace) - apartment no. 13: 53.97 m2 (entrance, bathroom, kitchen + living room, bedroom, terrace) - apartment no. 14: 53.97 m2 (entrance, bathroom, kitchen + living room, two bedrooms, terrace) Attic: covers 75.62 m2 and comprises: - staircase - apartment no. 15: 68.54 m2 (entrance, bathroom, bedroom with dressing room, kitchen, living room, terrace)

This text was machine translated and reviewed by the agency.