8 Bedroom Other in Crikvenica

Excellent investment property in Crikvenica - 5 star boutique hotel under construction! Completion of construction expected in 2-3 months (then the price will rise to 2 million euro). Spa hotel just 200 meters from the sea under construction! Modern architecture, *****5 star project, unique for Crikvenica! Potential to work all the year round, 365 days a year! Hotel will have as per project: - swimming pool - breakfast room/restaurant - relax zone - spa area - bar by the pool - reception hall - 13 apartments - elevator - panoramic terrace of 80 m2 - parking zone for 4 smaller cars (potential to rent adjacent parking place for 10 more cars) Current price is 760,000 eur. Turn-key price is about 1.75 million euro (depends upon equipment). PROJECTED FINANCIALS: ONE-YEAR - for 8 units - 236,440 eur per year (approx. 13% per annum) ONE YEAR - for 14 units - 380,000 eur per year (approx. 21% per annum) Ref: RE-AB-H-22 Overall additional expenses borne by the Buyer of real estate in Croatia are around 7% of property cost in total, which includes: property transfer tax (3% of property value), agency/brokerage commission (3%+VAT on commission), advocate fee (approx. 1%), notary fee, court registration fee and official certified translation expenses. Agency/brokerage agreement is signed prior to visiting properties. Property advantages: Swimming pool, Spa, Lift, Modern