Croatia, Hvar - Small family hotel, first row by the sea

Ref. : 2016/331 - House / Villa / Hotel - Off market
Selling price: 1 €
Living space: 1215 Land space: 970 Rooms: 15 Bathrooms: 14 Distance from sea: 10 m
Description:
  • First row to the sea
  • Sea view
  • Parking
  • New build
  • It has an Energy Certificate

A small family hotel, located in an exclusive position in the first row by the sea, in a small tourist village on the island of Hvar, next to a beautiful pebble beach with open sea and island views.

Object is spread over 5 floors (basement, ground floor, two floors and attic), total residential area of ​​1215 m2, on a plot of 970 m2. Object is completed externally, while completion of interior decoration requires an extra 300,000 euros of investment. It is a very interesting business offer with excellent tourist potential, given the well-designed interior according to modern standards that encompass all the necessary elements that a small family hotel should provide to its guests. Thus, there are four entrances / exits in the basement from all sides of world, there is room for food preparation, a spacious storage unit, a dressing room and a bathroom for hotel staff, laundry facilities, and additional facilities for guests such as a gym and a beautiful indoor swimming pool.

On the ground floor there is a reception desk, 4 bedrooms with bathroom and a belonging part of a yard, and a spacious part planned for the restaurant, with a large outdoor terrace by the sea. On the first floor there are 6 additional units (dormitory + bathroom), each with its own terrace overlooking the sea. On the second floor there is a fully furnished two bedroom apartment with a very spacious terrace and a perfect sea view, while on the attic floor there are three separate units, one room with bathroom and two studio apartments.

The whole building is connected to the inner staircase, the access road leads directly to the reception, while the parking for guests and staff are 50 meters away in the form of a separate land plot included in the price. Given the potential of the site itself, as well as quality project solutions, this facility is an excellent investment in the form of a small family hotel with a restaurant that can generate serious financial results in the coming tourist years.

Location description
Hvar
Hvar (pronounced [xv̞âːr]; local Chakavian dialect: Hvor or For, Greek: Pharos, Φάρος, Latin: Pharia, Italian: Lesina) is a Croatian island in the Adriatic Sea, located off the Dalmatian coast, lying between the islands of Brač, Vis and Korcula. Approximately 68 km (42.25 mi) long,[1] with a high east-west ridge of Mesozoic limestone and dolomite, the island of Hvar is unusual in the area for having a large fertile coastal plain, and fresh water springs. Click for more

FAQ

These are questions and answers on some frequently asked questions about real estate in Croatia, for any other questions feel free to contact us or come to our office and we will be glad to help you.

1. Can foreign nationals buy real estate in Croatia?

Foreign nationals belonging to EU Member States can purchase real estate in the same way as Croatian nationals. Foreign nationals belonging to non-EU countries can purchase real estate in Croatia with cumulatively fulfilled two conditions: reciprocity agreement with the Republic of Croatia and consent of the Ministry of Justice.

2. What is the real estate tax in the Republic of Croatia?

The Republic of Croatia has a unique real estate tax rate of 3%. The amount of tax is determined on the basis of the price from the contract of sale and the assessment of the competent tax administration. According to the law, the buyer pays tax on the received solution only once.

3. What is the tax on real estate swap?

The tax is also 3%, so each property owner pays 3% of the estimated value of the property for the new property when swapping.

4. In what time span real estate sales tax must be paid?

The tax liability arises at the time of the conclusion of the contract or other legal transaction that acquires the real estate. The notary is obliged to submit one copy of the document to the Tax Administration within 30 days from the signature on the sale documents. The taxpayer is obliged to pay the determined tax within 15 days from the delivery of the decision on determining the real estate sales tax.

5. What is a down payment and how much is it?

A down payment is an insurance that the buyer pays to the seller as a sign that the contract has been concluded and a certainty that the obligation will be fulfilled. In practice, the down payment is given on the Pre-contract and is usually 10% of the agreed purchase price. In case of fulfillment of the contract, the down payment is calculated in the total amount of the agreed purchase price.

6. Can the amount of real estate purchase be paid in foreign currency?

In principle, no. Every sale in the Republic of Croatia must be paid in HRK. If a foreign currency payment is made, the bank will convert to HRK.

7. Is it possible to conclude and certify a contract of real estate sale abroad?

Yes, if it is a citizen of the Republic of Croatia then it is best to certify the contract with our diplomatic mission. If it is a foreign national then with the notarization of the purchase contract with a public notary, the Apostille of public document issued in that state is required.