Rijeka, Center - Spacious Apartment with Separate Studio

For sale · Apartment · Reference IB-19725

€400,000

Key facts

Price: €400,000
Price per m²: €3,252/m²
Living area: 123 m²
Rooms: 5
Bedrooms: 4
Bathrooms: 1
Floor: 2
Distance to sea: 164 m
Distance to airport: 16 km

17% below the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

5.5%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 123 m² that works out to roughly €1,845 per month and €22,140 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 offer a well-maintained, comfortable spacious apartment of 98 m2 on the second floor of a Secession-style building with three floors total, in the very center of Rijeka. The apartment comprises three large rooms (each with large sunny windows), a comfortable living room with two large windows, a kitchen, a dining room, and a spacious bathroom with a WC featuring a window overlooking the courtyard. All rooms are oriented towards the sea. Adjacent to the apartment is a lovely studio with a separate entrance, its own bathroom with WC, very bright and sunny space with a view of Hotel Kontinental. The apartment includes 40 m2 of storage space in the attic with two windows. The building has a new facade, and the roof and staircase have been completely renovated (new beams). An excellent quality property for investment or residence in the very center with views of two iconic Rijeka landmarks. Possible conversion to commercial space - the apartment has three entrances (one currently closed): ideal for commercial use (law office, notary office, cosmetic clinic, dental practice, agencies, etc.), tourist rentals (three separate apartment units), or comfortable living in the very center. Close to all amenities. A rare offering on the market.

This text was machine translated and reviewed by the agency.