Croatia, Makarska - Boutique hotel, for sale

Ref. : 507/2015 - Hotel - For Sale
Selling price: 1.200.000 €
Living space: 416 Rooms: 10 Bathrooms: 10 Distance from sea: 10 m
Number of floors: 3
  • First row to the sea
  • Sea view

Small family hotel run for almost 50 years. The foundations were built in 1960 and, except during the war in Croatia, it has never stopped working. The hotel only accommodates 34 people which enables the manager to have a personal relationship with each guest. During the lifetime of the hotel, most guests were returning guests, as once you fall in love with it your search for a relaxing vacation is over. The hotel was fully renovated in 2014, giving it a refreshing look and meeting the standards of today’s travelers.

The hotel offers a spacious terrace in front that is used as a coffee shop. The terrace is fully covered in shades provided by the pine trees.

On top of the building there is spacious 40m2 terrace completely bathed in sun. The view from the top is amazing: you are sitting just above the pine trees and over their top spreads the beautiful sea all the way to the island Hvar and on the right side to the island Brač.

The restaurant and the bar are situated in the ground floor of the hotel continuing to a smaller terrace outdoor. The restaurant can accommodate 34 guests indoors and 20 outdoors. This area is completely renovated in 2014 and is fully equipped to serve buffet breakfast and a-la-cart menu.

The rooms are also designed to be connected by doors and each has a predefined space for a mini kitchen to offer the possibly to rent the rooms as apartments. In total, there are 10 spacious rooms accommodating 28 guests.

The spacious and luxurious VIP suite on the third floor is the best the boutique hotel has to offer: it’s over 100m2, includes a sauna, fireplace, whirlpool bath, balcony, sat TV, a fully equipped kitchen, a mini kitchen, 2 bathrooms, accommodates 6 persons and has the passage to the 40m2 terrace on the top of the building. If needed, the suite can also be divided into 2 fully equipped apartments by locking one door.

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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 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.