Croatia, Split - Office building for adaptation

Ref. : 2015/148 - Hotel / Commercial Space / Investments - For Sale
Selling price: 1.300.000 €
Living space: 1172 Rooms: 48 Bathrooms: 4
Number of floors: 4
  • Parking

An office building with a total floor area of 293 m2, situated in a good location in Split, for sale.

The building consists of four floors with total living area of 1172 m2. On the first floor there is one large room from which you can enter into the other units (a total of six rooms + two rooms with sanitary facilities and showers). Rooms can be converted into atriums, meeting rooms, conference rooms, kitchen, bathroom/sauna, additional toilets with showers...

The other three floors are with the same concept and spatial layout. Each floor contains a total of 15 units ideal for conversion to bedrooms with en-suite bathrooms, and one larger room with bathrooms and showers.

On the ground floor and attic floor, it is conceived a landscaped space with an uncovered terrace and swimming pool.

The object needs to be renovated. Conceptual design were made for the conversion into a hotel and an office building.

The location is excellent considering the proximity of the business area of the city as well as the center, and the availability of parking spaces in the surrounding area.

It is a very interesting investment offer with a building permit, proper usage permit and documentation.

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Location description
Split (Croatian pronunciation: [splît]; Italian: Spalato, see Name section) is the second-largest city of Croatia and the largest city of the region of Dalmatia. It lies on the eastern shore of the Adriatic Sea, centred on the Roman Palace of the Emperor Diocletian. Spread over a central peninsula and its surroundings, Split's greater area includes the neighboring seaside towns as well. 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 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.