Area
20875 м2
Bedrooms
86
Hotel, accommodation in Valencia and Murcia. The city is Lo Pagán.
Unique investment opportunity on Pag peninsula - devastated hotel for complete remodelling/adaptation!
The total land area is 10,987 m2 (over 1 hectare of land).
The total land area is 10,987 m2 (over 1 hectare of land).
On the plot stands a free-standing structure – hotel built in 1967 with the total surface area of 3,100 m2 – ground floor and two floors with 86 accommodation units, restaurant total area of 758 m2 , and the restaurant terrace area of 1,170m2.
The terrain containing the structure is slightly leaning towards the town beach and is irregular in shape.
Ref: RE-AB-PGLand plot purpose: Hotel and catering - T zone. With all amenities (entertainment, catering, commercial, recreational, therapeutic rehabilitation and similar)
Footprint ......................................................... max 0,4
Max height ...................................................... GF + 3 + PH (max. 70 % floor surface)
Min green surface............................................ 20 %
Underground floors not limited.
Possible potential construction parameters:
Overground (brutto) .......................................................20.875 m 2
Number of apartments depends on the structure of types A-E
Parkirng space (PM) 20 %
Min number of possible parking places- 52.
Potential structure can have up to 2500 double rooms (or some combination of apartments, in case of apart-hotel concept).
Max potential height is 5 floors above ground + 2 floors underground for garages and other facilities.
Official evaluation of property for 4 610 000 eur is available.
------ -------- --------
There is a project to convert the existing older structure into 4-5 star luxury apart-hotel.
This new hotel will include:
- shopping mall, fitness centre, congress hall - 5000 sq.m. + 3200 sq.m. on various levels
- public open space - 550 sq.m. + 1900 sq.m. on different levels
- public garage - 2500 sq.m. + 3200 sq.m. on different levels
- residential area - 3100 sq.m. + 3100 sq.m. on different levels
- terraces - 2900 sq.m. + 750 sq.m. on different levels
- communications/public areas- 1900 sq.m.
- entertainment roof area with two swimming pools and gardens - 3300 sq.m.
Total brutto building area - 28700 sq.m.
Total open space area - 6000 sq.m.
The hotel owes cca. 2 mio euro to the bank (the sum is increasing every year with annual % accrued).
Potential structure can have up to 2500 double rooms (or some combination of apartments, in case of apart-hotel concept).
Max potential height is 5 floors above ground + 2 floors underground for garages and other facilities.
Official evaluation of property for 4 610 000 eur is available.
------ -------- --------
There is a project to convert the existing older structure into 4-5 star luxury apart-hotel.
This new hotel will include:
- shopping mall, fitness centre, congress hall - 5000 sq.m. + 3200 sq.m. on various levels
- public open space - 550 sq.m. + 1900 sq.m. on different levels
- public garage - 2500 sq.m. + 3200 sq.m. on different levels
- residential area - 3100 sq.m. + 3100 sq.m. on different levels
- terraces - 2900 sq.m. + 750 sq.m. on different levels
- communications/public areas- 1900 sq.m.
- entertainment roof area with two swimming pools and gardens - 3300 sq.m.
Total brutto building area - 28700 sq.m.
Total open space area - 6000 sq.m.
The hotel owes cca. 2 mio euro to the bank (the sum is increasing every year with annual % accrued).
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.
Services and facilities
Garage/parking
Pool
Additional details
Property type
Commercial
Object type
Hotel
Price
5 246 298 $
Land area
10987
Characteristics
Garage/parking
Pool
FAQ
In Croatia a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Pag; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Croatia finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Croatia takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Pag short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (5 246 298 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Pag: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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