Immobalko

Zagreb · Zagreb · Croatia

Zagreb, city center, 1,235 m² office space for sale

For sale · Commercial · Reference IB-18295

€3,100,000

Key facts

Price
€3,100,000
Price per m²
€2,510/m²
Living area
1,235 m²
Distance to airport
11 km
35% below the regional average (Region average: €3,851/m²)Online for 0 days

Investment overview

Estimated gross yield

7.8%

Based on the rental average in Zagreb of €16.35 per m² and month, drawn from 235 active rental listings. At 1,235 m² that works out to roughly €20,190 per month and €242,275 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

In the very heart of Zagreb, a representative office space is for sale located in the larger part of the building with a total area of 1,235 m², spread over four floors. The space includes the ground floor of 304.58 m², the first floor of 360.95 m², the second floor of 268.95 m² and the third floor of 300.52 m². There is a conversion project for the property, which additionally opens up the possibility of adaptation to different business needs. Thanks to the exceptional location, large area and functional layout, the space represents an ideal opportunity for the development of a polyclinic, private educational institution, office complex, diplomatic mission or other prestigious business purpose. The attractive and very frequent location in the tram zone, just a few minutes' walk from Ban Josip Jelačić Square, in close proximity to public transport and the garage of the Importanna Gallery, makes this property extremely interesting for investors and business users. For any additional questions or to arrange a viewing of the property, please do not hesitate to contact us. ID CODE: 50512337 Ivan Jelaska Mob: +385 91 288 0082 Tel: +385 91 2880 080 E-mail: ivan@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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