Croatia, Makarska - Apartment house with open sea view

Ref. : 2016/583 - House / Villa - For Sale
Selling price: On Request
Living space: 525 Land space: 851 Rooms: 12 Bathrooms: 9 Distance from sea: 250 m
Number of floors: 4
  • Sea view
  • Parking
  • Garage
  • It has an Energy Certificate

A spacious apartment house, located in a quality position with an open view of the sea, located on a plot of 851 m2, with a total living area of 525 m2.
The property consists of:

- the ground floor where there are 5 garage spaces that were used as business premises and two outdoor parking spaces;

- 1st floor where there is a spacious three-room apartment with additional space on the north side that needs to be arranged. This floor can be partitioned into several smaller units, given that it has three separate entrances. This floor also has a spacious terrace of 120 m2, so that the new owner can arrange this part as a restaurant option, considering the possibilities of decoration and the mentioned spacious terrace;

- 2nd floor where there are 5 furnished rooms with bathrooms and balconies with a view of the sea;

- 3rd floor where there are two two-room apartments with two balconies each and a view of the sea.

In the garden, there is also an auxiliary building that can be used as a storage room, summer kitchen, etc., while behind this building there is a larger area for grilling. Behind the house there is a lot of open ground, with a cascading shape that can be used to install a swimming pool.

Considering the location itself, near the center of a popular tourist destination, with an excellent unobstructed view of the sea, elegant road access and the great potential that the house offers in the form of tourist rental and the potential implementation of a restaurant in the building, the property represents an excellent opportunity for a business investment on the always attractive Makarska Riviera in the form of a small family hotel.

Location description

Makarska (pronounced [mâkarskaː]) is a small city on the Adriatic coastline of Croatia, about 60 km (37 mi) southeast of Split and 140 km (87 mi) northwest of Dubrovnik. It has a population of 13,834 residents.[1] Administratively Makarska has the status of a city and it is part of the Split-Dalmatia County. It is a tourist centre, located on a horseshoe shaped bay between the Biokovo mountains and the Adriatic Sea.

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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 EURO. If a foreign currency payment is made, the bank will convert it to EURO.

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.