8 Bed Property for sale
Crikvenica, Primorje-Gorski Kotar, Croatia
£1,561,822 *
[€1,800,000]
Full Description
Excellent investment property in Crikvenica - 5 star boutuque-hotel under construction!
Completion of construction expected in 2-3 months (then the price will rise to 2 mio euro).Spa-hotel just 200 meters from the sea under construction!
Modern architecture, *****5 star project, unique for Ckrivenica!
Potential to work all the year round, 365 days a year!Hotel will have as per project:
- swimming pool
- breakfast room/restaurant
- relax zone
- spa-area
- bar by the pool
- reception hall
- 13 apartments
- elevator
- panoramic terrace of 80 m2
- parking zone for 4 smaller cars (potential to rent adjucent parking place for 10 more cars)Current price is 760 000 eur.
Turn-key price is about 1,75 mln euro (depends upin equipment).
PROJECTED FINANCIALS:
ONE-YEAR - for 8 units - 236 440 eur per year (cca 13% per annum)
ONE YEAR - for 14 units - 380 000 eur per year (cca 21% per annum) Ref: RE-AB-H-22Overall additional expenses borne by the Buyer of real estate in Croatia are around 7% of property cost in total, which includes: property transfer tax (3% of property value), agency/brokerage commission (3%+VAT on commission), advocate fee (cca 1%), notary fee, court registration fee and official certified translation expenses. Agency/brokerage agreement is signed prior to visiting properties.
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