Crikvenica, Primorje-Gorski Kotar County

Reference: ZLWS-T105. 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-22 Overall 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.