Construction project in Zagreb center, Vukovarska street
Property price:
5 250 000 €
Ref:
RE-AB-Vuk
Region:
Zagreb and Slavonija
Location:
Zagreb
Type:
Land plot
Seafront:
No
Sea view:
No
Floorspace:
14 200 sqm
Plot size:
4 733 sqm
Property description:
Construction project on Vukovarska street in Zagreb!
Land plot of 4733 sq.m. with two co-owners 3.772m² + 961 m2. M2 zoning means possiblity of commercial and residential development.
It is possible to buy only a smaller part of 3772 m2 (two cadastre parts 3363m²+409m²) for 3,75 mln euro.
Given the whole land plot is purchased, some 14.200m² above ground could be build (coefficient KIG 3 above ground).
The plan would be approach the city of Zagreb to develop the site as a so called „city project“ enabling the developer to increase the GDA by 50% to 100%.
This would in the end double the value of the land resulting in approximately 21.300 to 28.400m² GDA above ground.
Strategic position in Zagreb:
- next to industrial complex Gredelj which is planned to become new modern city center
- future industrial heritage museum "Paromlin" to the west of the project
- Zagreb railway station to the north of the project
- Proximity of central bus station
Key posiion is a key to success.
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 (cca 1%), notary fee, court registration fee and official certified translation expenses. Agency/brokerage agreement is signed prior to visiting properties.
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