Commercial Space: Zagreb (Gornji Grad), Service Activities, 250 m2 (Sale)

For sale · Commercial · Reference IB-20982

€420,000

Key facts

Price: €420,000
Price per m²: €1,680/m²
Living area: 250 m²
Distance to airport: 11 km

55% below the regional average (Region average: €3,705/m²)Online for 1 day

Investment overview

Estimated gross yield

10.9%

Based on the rental average in Zagreb of €15.27 per m² and month, drawn from 269 active rental listings. At 250 m² that works out to roughly €3,817 per month and €45,798 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

We are mediating the sale of a commercial building on Mesnicka Street, completely reconstructed in 2008. The property has not been in use for the last 5 years and sustained no damage during the earthquake. The building requires adaptation and conversion to its intended purpose. Access from two sides, with the possibility of separate use of the ground floor and attic. All quiet business activities are possible within the property. It comprises a ground floor with one large room of 87 m2 and another of 26.50 m2 plus additional necessary spaces including bathroom and storage. The attic consists of 4 rooms with additional spaces (bathroom, storage). Contact: 091 313 2212

This text was machine translated and reviewed by the agency.