Immobalko

Zagreb · Zagreb · Croatia

Zagreb, City Center, Hostel for Sale

For sale · Commercial · Reference IB-18384

€970,000

Key facts

Price
€970,000
Price per m²
€4,850/m²
Living area
200 m²
Rooms
8
Bedrooms
8
Bathrooms
4
Distance to airport
11 km
26% above the regional average (Region average: €3,851/m²)Online for 0 days

Investment overview

Estimated gross yield

4.0%

Based on the rental average in Zagreb of €16.35 per m² and month, drawn from 235 active rental listings. At 200 m² that works out to roughly €3,270 per month and €39,235 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

Hostel for sale in the very center of Zagreb. The property has a total area of 200 m² and consists of 6 rooms, a reception area, tea kitchen, laundry room, and terrace. Three rooms are double hotel-style rooms with private bathrooms, while the remaining three are multi-bed rooms (6 and 8 beds) sharing two separate sanitary facilities. Parking is provided in the courtyard. The building was constructed in 2012 and features high-quality construction with a reinforced concrete structure, aluminum fire-resistant joinery, and epoxy floors. The hostel is currently leased on a long-term basis with the possibility of continuing operations, making it an excellent investment opportunity. The property is being sold within a company structure and is free of any encumbrances. For any additional questions or to arrange a viewing, feel free to contact us. In the event of a successful transaction through our agency, a brokerage commission applies. For this property, contact: Filip, +385 91 288 0089 For any additional questions or to arrange a viewing of the property, please do not hesitate to contact us. ID CODE: 16020 Filip Dobranić Mob: +385 91 288 0089 Tel: +385 91 2880 080 E-mail: filip@luvarealestates.com www.luvarealestates.com

Location

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

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