Great seafront hotel for renovation! Perfect location for 5 star resort!
PRICE UPON REQUEST
North and Middle Dalmatia›Split
Distance to sea:
3 690 sqm
36 289 sqm
Great SEAFRONT renovation project! Excellent location in the suburbs of Split not far from Split international airport (Kastela) and about 10km from historical centre of Emperor Diokletian town! Proper location for luxury 5 star resort! Great investment potential! Highly recommended area!
Two hotel buildings are projected. Main building was built in the beginning of 20th century and is not protected as a historical monument. Until 2007 there was a second building, a modern construction with pool, but it was smashed with the purpose of construction of LUX hotel on a territory of 36 239 m2. However, lux hotel had never been built and still remains a project.
Suggested category - 5 stars. Building of 3690 m2 is projected with additional infrastructure: swimming pools, tennis courts, gardens, parkings.
Investment required is 5-20 mln. euro. Demanded price approx. 15 mln euro
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.
Why to buy in Split? Why to invest in Split? Why to purchase real estate in the area of Split? - second large city in Croatia, the largest one in Dalmatia - vicinity of international airport of Split (Kastela), second large airport of Croatia - seaside growing city with lots of tourist attractions including Diokletian Palace, Riva, Cathedral of St.Domnius - lots of festivals held in Split, sport events (stadium Poljud, Croatian National Theatre) - ecological environment (Marijan hill park) - many National Parks in close vicinity (National Park Krka, Biokovo), etc. - excellent ferry connections to the islands (Brac, Hvar, Solta, Korcula) and Italy - developing infrastructure (IKEA, KONZUM, other large shopping malls opened) - many tourist attractions round Split (ancient complex of Solin, Klis fortress, UNESCO town of Trogir, town of Sibenik, pirates town of Omis, Ivan Mestrovic gallery, etc) - high potential for tourism all the year round (365 days a year) - real estate prices are rising but are still far from the top figures demonstrated in 2008-2009 - lots of vacant areas for real estate development around Split - combination of wonderful pebble beaches, mountain air, pine woods and developed infrastructre
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