Immobalko

Trogir/Čiovo · Central Dalmatia · Croatia

Trogir/Ciovo, house for sale, 2.200.000 €

For sale · House · Reference IB-16955

€2,200,000

Key facts

Price
€2,200,000
Price per m²
€2,747/m²
Living area
801 m²
Plot area
846 m²
Rooms
12
Bathrooms
12
46% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

7.5%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 801 m² that works out to roughly €13,787 per month and €165,440 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

Beautiful stone house located in the center of Trogir. The house consists of 3 floors (Ground floor, 1st floor and 2nd floor). On the ground floor and 1st floor there are completely renovated and very nicely decorated 12 one bedroom apartments, and on the 2nd floor there is a two bedroom apartment, and all are used for rent. The part of the house that is not renovated is used by the owners for personal use. All apartments come fully furnished, and all units feature a seating area, a flat-screen TV with satellite channels and a private bathroom. Some units include a dining area and / or patio. In front of the house there is a parking lot for 6 cars. The property offers various possibilities, it is an ideal opportunity for someone who wants a well-established business and continue in that direction or as a renovation project for the investor because there is a possibility of building another two floors and that is an interesting and unique opportunity in the primary location. Near the property there are public beaches, and the center with all amenities is only a few minutes away. Perfect location that provides enough privacy, and again that all the attractions of the city of Trogir are at a distance of 5 minutes. The nearest airport is 5 km away.

Location

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

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