€335,000Zatka Čepić · Istria
LABIN-KRŠAN-ČEPIĆ
13,122 m² plot
Split · Central Dalmatia · Croatia
Vela Varoš, center of Split, commercial space with tourist potential
For sale · Commercial · Reference IB-14550
€375,000
Key facts
- Price
- €375,000
- Price per m²
- €4,630/m²
- Living area
- 81 m²
- Distance to airport
- 8 km
8% below the regional average (Region average: €5,051/m²)Online for 11 days
Investment overview
Estimated gross yield
4.5%
Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 81 m² that works out to roughly €1,395 per month and €16,742 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
Vela Varoš, center of Split, commercial space with tourist potential In one of the most authentic Split neighborhoods, in the heart of Vela Varoš, there is a commercial space that today functions as a well-established investment property with exceptional tourist potential. The property is located on the ground floor of a stone house, in close proximity to Marmontova Street and Diocletian’s Palace, in a location that attracts both domestic and foreign visitors throughout the year. With a total area of 80.94 m2, the space is registered as a commercial unit consisting of a hallway, three sanitary units, two rooms and a kitchenette. With its current layout, it is functionally organized into three separate accommodation units, each with its own bathroom with toilet, along with an additional auxiliary space that serves as a kitchen, room, laundry room and bathroom with toilet. Such an organization enables multiple income streams and maximum use of the space. A special value of the property is provided by two separate entrances from the street, which offers additional flexibility to the future owner, whether in terms of reorganizing the space, dividing functions or adapting to a different business concept. The space is equipped with air conditioning units, PVC joinery, bathrooms, and is ready for the continuation of tourist activity with minimal investment. Accommodation in Vela Varoš carries a strong market advantage. Authentic stone houses, narrow streets and immediate proximity to the historical city center create an atmosphere that guests recognize and seek. Properties in this micro-location rarely appear on the market, and stable demand for short-term rentals ensures continuous investment potential. The combination of Mediterranean climate, developed infrastructure and strong tourist traffic makes Split one of the most stable and sought-after cities for living and tourist rentals on the Croatian coast. This property represents a combination of an excellent location, functional layout and proven profitability, and stands out as a quality investment opportunity in one of the most sought-after urban zones. View the virtual tour: https://Opereta-d-o-o.vr-360-tour.com/e/AsgBnHvlats/e?hidehotspotlabels=true&hidelive=true&hidetitle=true
Location
The map shows the approximate area. The exact address is provided by the agency on request.
