Croatia, Solta - Residential building with 5 flats

Ref. : 2016/419 - House / Villa - For Sale
Selling price: 890.000 €
Living space: 330 Land space: 502 Rooms: 9 Bathrooms: 9 Distance from sea: 30 m
Number of floors: 3
  • Sea view
  • Parking
  • New build

Residential building, for sale, located in a developed tourist place on the island of Solta with further development potential, total living area of ​​330 m2, on a plot of 502 m2, overlooking the sea. The building is distanced 30 m away from the sea, and consists of 5 apartments located on the ground floor and two upper floors.

On the ground floor (entrance from the west side) there is a two bedroom apartment with two bathrooms, kitchen and living room with open floor plan with access to the terrace. Also, this apartment has a back room that can serve as a storage room. On the first floor (entrance from the east) there is a duplex apartment (ground floor, first floor) with two bathrooms; that is, on the upper floor is a room with terrace and bathroom, and another room with its own terrace, while on the lower floor is a kitchen and living room with access to the terrace, and an additional room that serves as storage, with a additional separate entrance. On the first floor there is another two bedroom apartment of the same layout as the apartment on the ground floor. On the second floor there is a one bedroom apartment with a terrace and another two bedroom apartment of the same layout as the apartment on the ground floor and on the first floor.

The building was completely finished on the outside while the current owner left the interior to be chosen by the new owner. The garden of the building is cultivated with Mediterranean plants while at the entrance to the property is a parking lot large enough that each apartment has its own parking space.

A very interesting investment in the form of a touristic offer, given the quiet area in which it is located, and on which additional more luxurious residential buildings are being built. The owner would also consider a partial sale, but the first buyer is expected to buy a minimum of 3 units at once. All in all, a interesting offer worth considering; the apartments are modernly designed; the sea, beach and promenade are 30 meters from the building, while the town center is within walking distance.

Location description
Šolta is an island in Croatia. It is situated in the Adriatic Sea in the central Dalmatian archipelago, west of the island of Brač, south of Split and east of the Drvenik islands, Drvenik Mali and Drvenik Veli. Click for more
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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.