Excellent investment property - seafront hotel for renovation in Croatia!
PRICE UPON REQUEST
North and Middle Dalmatia›Island Hvar
Distance to sea:
5 000 sqm
Great investment property in Hvar of BEACHFRONT location! Excellent position at the edge of the small popular town within pine wood! Inquire about the price!
Property of 800 m2 is occupying 5000 m2 of land zoned for T2 pusposes.
All utilities are present as well as the road. Wonderful sea view.
Complete renovation and remodelling required.
Perfect for boutique-hotel placement.
Tourism is a key national industry in Croatia and this segment of Croatian economy is growing every year. Tourism industry generated officially 9 bln euro in 2016 in Croatia or 18% of GDP of the country. In 2015 there were over 12 mln registered tourists with over 90 mln overnights, in 2016 more than 16 mln tourists visited Croatia, by 2020-2022 Croatia is planning to double these figures as a part of national strategy. Croatia still lacks 200-300 modern hotels of which at least 150 should be of 4 and 5 stars. Many hotels are in need of modernization and upgrade to meet modern challenges. Croatia is planned to become all-year-round destination. Thus tourism is enjoying wide governmental support. Croatia is always named within TOP-10 tourism destinations by LOVELY PLANET and NATIONAL GEOGRAPHIC ADVENTURE MAGAZINE. The tourists are mainly coming from Germany, Austria, Slovenia, Italy and Poland. Tourism is Croatia is a highly attractive investment area, especially due to recent accession to EU. Croatia is also expecting to join Schengen-zone soon and will further stimulate tourism growth in Croatia. It is right time to invest in hotel infrastructure in Croatia and buy a hotel or mini-hotel in this country to be a part of success.
Come to Hvar, named one of the most beautiful islands of the WORLD.
Overall additional expenses borne by the Buyer of real estate in
Croatia are approx. 7% of property cost: property transfer tax (3% of
property value), agency commission (3%+VAT on comission), advocate fee
(0,5-1%), notary fee and official certified translation expenses.
Brockerage agreement on 3% commission (+VAT) is signed prior to visiting