Croatia, Zadar - Well-established hostel, for sale

Ref. : 2016/333 - Apartment / Hotel - For Sale
Selling price: 399.000 €
Living space: 105 Rooms: 4 Bathrooms: 4 Distance from sea: 30 m
Number of floors: 1
Located on floor no.: 1
  • Garage

Great business offer in the form of a hostel, for sale, located in the center of Zadar, in a very good location close to all the facilities and major sight-seeings of this historic city, as well as the famous city beaches.

The property is located on the high ground floor of a residential building, in a completely renovated old style apartment with 105 m2 of living space, fully furnished and equipped.

The hostel has been in operation for 7 years and has recorded excellent business results, which can be seen in the excellent booking for the upcoming season.

The apartment layout consist of the large lobby where the reception and the shared kitchen are located, as well as the shared bathroom for the hostel users; three double bedrooms, one of which has a separate bathroom; one four-bed dormitory, and a large bedroom with 9 beds and two bathrooms for the users of this room.

Also, the hostel also has a storage of 12 m2 in the basement of the building, which is used as laundry, and a garage of 12 m2, which is used as a pantry.

There is an option to purchase an additional 30 m2 that needs to be renovated, also located within the building and could ideally fit into the whole idea of ​​the hostel in such a way as to provide a small bar or a smaller restaurant for the hostel users.

A very interesting offer, considering all the potential it offers, as well as the excellent position it is on. Considering that Zadar has an increased number of overnight stays every year, this investment represents a safe investment in the tourist sector of this beautiful city.

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Location description
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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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.