Immobalko

Split · Central Dalmatia · Croatia

Split, house for sale, 2.200.000 €

For sale · House · Reference IB-16537

€2,200,000

Key facts

Price
€2,200,000
Price per m²
€6,286/m²
Living area
350 m²
Plot area
111 m²
Rooms
6
Bathrooms
8
24% above the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

3.3%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 350 m² that works out to roughly €6,024 per month and €72,289 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

A unique luxury hotel in the old town of Split. It is located on a quiet, hidden street just a few meters from the Riva and Diocletian's Palace. The hotel has 4 floors with six luxurious rooms with bathrooms. Three rooms are double and have 22 m2, and three are quadruple rooms of 35 m2. All rooms are very nicely decorated with a theme and every detail was taken care of during the restoration. The ground floor and first floor, in addition to internal access, also have an external one intended for people with disabilities, and are therefore connected to a special elevator. On the ground floor there is a reception, laundry, a room and bathroom for staff, and a breakfast room. The entire hotel was renovated in 2019 and during the renovation, the original stone, restored on Brač, was used. The hotel successfully operates in tourism, so this property is ideal as an investment.

Location

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

Similar properties