Immobalko
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Vir · Northern Dalmatia · Croatia

Vir, Investment Property, Prime Location, Opportunity

For sale · Commercial · Reference IB-19376

€1,550,000

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Key facts

Price
€1,550,000
Price per m²
€2,823/m²
Living area
549 m²
Rooms
10
Bathrooms
8
Floor
3
Distance to sea
350 m
Distance to airport
30 km
27% below the regional average (Region average: €3,850/m²)Online for 12 days

Investment overview

Northern Dalmatia currently has 10 active rental listings. From 20 comparable listings onwards we show the estimated gross yield here.

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

Vir, Opportunity for Investors! Property (Hotel) with 6 apartments and a restaurant in an excellent location. South-facing on Vir, just 100 m from the sea. Comprises: 2 two-bedroom apartments with two balconies and two bathrooms each. 2 two-bedroom apartments with balcony, bathroom and separate WC. 2 one-bedroom apartments with bathroom. On the ground floor there is currently a cafe bar being converted into a restaurant, which is in progress. Currently only breakfast is offered. The property is connected to the municipal water and sewerage system. Near the property there is an additional plot used for vehicle parking located in a construction zone. The hotel has been built to modern standards and features solar installation on the roof for water heating. It should be noted that the seller provides hotel management for the future buyer, which is mandatory on the part of the seller. This is an established business with an annual yield of 8%. Price: EUR 1,550,000 + 3.75% agency commission (incl. VAT) Additional Information: - More properties: mydalmacia.de - Location: Location details available exclusively to registered clients - Viewings: Possible at any time - Support: Assistance with administrative matters - Languages: Purchase process and support in German and Croatian Note: Property viewings are only possible with a signed agency agreement, in accordance with the provisions of the Personal Data Protection Act and the Real Estate Mediation Act.

This text was machine translated and reviewed by the agency.

Location

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

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