Immobalko

Split · Central Dalmatia · Croatia

Split, house for sale, 4.500.000 €

For sale · House · Reference IB-16264

€4,500,000

Key facts

Price
€4,500,000
Price per m²
€10,949/m²
Living area
411 m²
Plot area
277 m²
Rooms
11
Bathrooms
10
117% above the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

1.9%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 411 m² that works out to roughly €7,074 per month and €84,888 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

Exceptional location, first row by the sea.  We are pleased to offer you an outstanding commercial/residential property for sale, located in the first row by the sea in a highly sought-after location, close to all amenities and the marina. It is a villa spread over 4 floors, vertically divided into a commercial section and a private residential section. The commercial part consists of 7 modernly furnished studio apartments, fully equipped for rental, each with its own balcony offering stunning views of the sea and surrounding greenery. The property’s added value is the second half of the house, where the ground floor houses an office, and the rest comprises a spacious three-story apartment with a total net area of 143 m2. It consists of 3 bedrooms, two bathrooms, a living room, a gallery, a balcony, and a loggia.  The property includes 10 parking spaces as well as a carefully landscaped garden with an open view of the sea and a jacuzzi. The property represents a safe and profitable investment because there are no additional expenses, and all apartments, offices, and the flat are legally separated units.

Location

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

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