Croatia, Split - Restaurant and luxury rooms in the first row by the sea

Ref. : 2016/371 - Apartment / Commercial Space - Sold
Selling price: 1.990.000 €
Living space: 600 Land space: 102 Rooms: 8 Bathrooms: 8 Distance from sea: 10 m
  • First row to the sea
  • Sea view
  • Parking
  • It has an Energy Certificate

An interesting business space for sale, located on the 1st floor of an business building, total living area of ​​600 m2, with 7 parking spaces, located in the city of Split, in the first row by the sea. The space consists of 8 luxury rooms with associated bathrooms and terraces overlooking the sea, located on the west and east side of the property, and a spacious restaurant positioned between them.

Accordingly, on the west side there are 5 luxury rooms, each with en-suite bathroom and associated terrace overlooking the sea, total living area of ​​151 m2. The space is well designed, full of daylight and quite airy, and the impression is that it is quite spacious and comfortable. This part has access through the central part of the building and also has the possibility of separate access through the entrance from the west side. Inside these 151 m2 there is a reception desk and a storage room.

On the east side of the building are three additional luxury rooms with en-suite bathrooms and terraces with open sea view, total area of ​​190 m2, of which approximately 60 m2 is a spacious terrace in the eastern part of the building that could be further used for users of this part of the building.

Also, a well-maintained and decorated 227 m2 restaurant with 100 seats, which records excellent business results, is currently for sale and is currently leased for a period of three years.

Summarizing all of the above, the eastern part of the building could be annexed by smaller construction works to the restaurant part of the offer, resulting in a top restaurant space of 400 m2, with a large terrace throughout, which would turn this space into one of the largest restaurants in the city of Split , with perfect business potential. Considering the potential of renting luxury rooms in the western part of the building, along with the unique location of the building, this overall offering seems like a great business investment.

Given the somewhat dispersed offer, the space can also be purchased in partial parts as mentioned in the property description.

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 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.