Immobalko

Split · Central Dalmatia · Croatia

Split, house for sale, 2.600.000 €

For sale · House · Reference IB-16652

€2,600,000

Key facts

Price
€2,600,000
Price per m²
€5,843/m²
Living area
445 m²
Plot area
490 m²
Rooms
11
Bathrooms
13
16% above the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

3.5%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 445 m² that works out to roughly €7,659 per month and €91,911 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

Luxury hotel near the popular beach and promenade. It consists of 11 separate accommodation units, each with its own bathroom. Most of the rooms have access to a courtyard with greenery and Mediterranean plants, with a sun deck and an outdoor pool on the south side. The rooms are on the ground floor and on the first floor of a smaller commercial-residential building. The facility also has a large reception, kitchen and breakfast area, gym, jacuzzi, sauna, laundry, garage for 4 parking spaces and 7 outdoor parking spaces. The hotel was renovated in 2019, is well established in tourism and as such is an excellent investment. It is sold furnished so that additional investments are not required. It is only 300 m from the sea, and 3 km from the city center.

Location

The map shows the approximate area. The exact address is provided by the agency on request.

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