Sveti Ivan Zelina, 110 m2 apartment with 120 m2 commercial space and 500 m2 plot

For sale · Apartment · Reference IB-19793

€270,000

Key facts

Price: €270,000
Price per m²: €1,174/m²
Living area: 230 m²
Rooms: 3
Bedrooms: 3
Bathrooms: 1
Distance to airport: 28 km

68% below the regional average (Region average: €3,705/m²)Online for 12 days

Investment overview

Estimated gross yield

15.6%

Based on the rental average in Zagreb of €15.27 per m² and month, drawn from 269 active rental listings. At 230 m² that works out to roughly €3,511 per month and €42,134 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

For sale is a classic three-room apartment of 110 m2 in need of renovation, with a commercial space in the courtyard of 120 m2 and a 500 m2 plot directly adjacent to the building, for which a building permit has been issued. The apartment is situated on the ground floor of an old Art Nouveau building in a high-traffic location, suitable for various business purposes. Currently, the apartment contains a business space with a street-facing shop. Heating is floor-level gas. Three large rooms with high ceilings, hallway, kitchen, toilet and storage. In the courtyard there is one legalized commercial building of 120 m2. The apartment includes the use of 60 m2 of attic space. The building is in fairly poor condition and requires facade renovation.

This text was machine translated and reviewed by the agency.