€335,000Zatka Čepić · Istria
LABIN-KRŠAN-ČEPIĆ
13,122 m² plot
Split · Central Dalmatia · Croatia
Split, office space for sale, 350.000 €
For sale · Commercial · Reference IB-17141
€350,000
Key facts
- Price
- €350,000
- Price per m²
- €3,271/m²
- Living area
- 107 m²
35% below the regional average (Region average: €5,051/m²)Online for 1 day
Investment overview
Estimated gross yield
6.3%
Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 107 m² that works out to roughly €1,843 per month and €22,116 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 proud to be the selected agent to sell this magnificent and unique space suitable as a dramatic bar/restaurant or any other commercial use. This totally unique property is situated in the historic centre of Split and measures 107m sq within the Roman walls of the Eastern side of the Palace. The dramatic windows were added in the early middle ages. It consists of a basement area and ground floor, with the floor removed during the completing of repairs and preparing the space for sale. It has 2 exits, one inside the Palace and the other outside onto the street by the busy market adjacent to the Eastern side of the market. The Riva is just 70m from the premises. This property is in the very centre of the fast growing tourist area of the city, with the riva, the ferry terminal, train and bus station all within a short walk from here. Such a property is unlikely ever to come for sale again. Contact us to arrange a visit.
Location
The map shows the approximate area. The exact address is provided by the agency on request.
