PEĆINE - Beautiful Apartment of 107 m2 with Two Garages and Garden!

For sale · Apartment · Reference IB-19726

€550,000

Key facts

Price: €550,000
Price per m²: €5,140/m²
Living area: 107 m²
Plot area: 300 m²
Rooms: 3
Bedrooms: 2
Bathrooms: 1
Distance to sea: 117 m
Distance to airport: 13 km

31% above the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

3.5%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 107 m² that works out to roughly €1,605 per month and €19,260 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

PEĆINE - Located in one of the most beautiful old villas in Pećine, built in 1930 and containing only four apartments, this beautiful ground-floor apartment is for sale with a total area of 107.22 m2. The apartment comprises a living room, kitchen, two bedrooms, bathroom, toilet, hallway, entrance area and wardrobe. Due to its excellent layout, this apartment can be converted into two residential units, each with its own entrance and terrace, which offers an excellent opportunity and potential for rental business. The apartment has been fully renovated and has separate meters for electricity and water from the rest of the villa. Heating is central with city gas. The apartment ownership includes commercial space with a usable area of 47.60 m2, which the current owner has converted into two garages of approximately 25 m2 each with their own electricity meters, and a wood storage of 8.80 m2. It also includes approximately 300 m2 of garden for use with fruit trees planted. It is located in immediate proximity to the sea and Tower Center. EXCELLENT PROPERTY WITH GREAT POTENTIAL!!!

This text was machine translated and reviewed by the agency.