Croatia, Zadar - Office building / restaurant, ideal for investment, for sale

Ref. : 4531/30 - Commercial Space / Land plot - For Sale
Selling price: 1.500.000 €
Living space: 898 Land space: 160 Distance from sea: 5 m
Description:
  • First row to the sea
  • Sea view

- First row from the sea with spectacular sea views of Telascica bay
- Commercial building / developed land
- Possible architectural modifications and reconstruction of building
- Accessible by road, boat and helicopter

Currently operational restaurant business building, located on absolute waterfront with beautiful uninterrupted bay views. One part of the building is enclosed building with a large covered terrace. Enclosed part of the building is divided into a few areas/rooms, one is a bar and indoor restaurant and the other is an industrial kitchen with storage rooms. There are large commercial rooms on the ground floor and toilets below the terrace.

Because of the specific popular location the building could be converted and reconstructed to your own business or residential requirements, because there is no accommodation or any other facilities for visitors in that area. In the area of the Nature Park is strictly prohibited to build any non existing building so because of it this property is ideal for investment. In the land titles it is registered as a business building meaning it can be used for any type of business and not only a restaurant.

Close to the seafront is a local road that connects to other local businesses and leads to the nearby famous natural attraction Mir salt lake that is only 300m away. Mir lake is renowned for its therapeutic mud properties. Only 100m behind the restaurant are the famous high white cliffs that are frequented by 100.000 tourists per year.

Telascica bay is located in a classified (protected) Nature Park on Dugi island in central Dalmatia (middle of Adriatic coast of Croatia) near the city of Zadar. Telascica Bay is one of the most treasured and most beautiful natural wonders of Croatia. Bay is one of the most sheltered and safe natural harbours in the Adriatic sea / Kornati archipelago. It is most favoured anchorage harbour for nautical tourism/yachts and boats and daily excursions in the Adriatic sea.

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Location description
Zadar
Zadar (Croatian pronunciation: [zâdar]; see other names) is the 5th largest city in Croatia situated on the Adriatic Sea. Zadar is a historical centre of Dalmatia as well as the seat of the Roman Catholic Archdiocese of Zadar. Zadar is a city with rich history dating from prehistoric times to present days. Click for more
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FAQ

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.