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Hotel 399 м² in Povlja, Croatia

1 582 507 $

3 966 $ /м²

4OcwE
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Area

399 м2

Bedrooms

11

Hotel, accommodation in Split-Dalmatia. City - Povlja

A stone building with a swimming pool on the FIRST LINE of the sea on the island of Brac in the town of Povlja!
Quiet and peaceful place!

The building with an area of 399 m2 on a plot of 700 m2 is divided into five apartments for rental purposes.
Each apartment has a bedroom, a bathroom, a living room with a kitchen area and a terrace.
There is a swimming pool, a garage, a barbecue area, a spacious outdoor covered parking.
Right across the road there is a sea!
Excellent sea view characteristics!
The villa was completely refurbished last year!

Update of the data from 05/19/2018

Ref: RE-LB10056

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

Pool
Garage/parking

Additional details

Property type

Commercial

Object type

Hotel

Price

1 582 507 $

Land area

700

Characteristics

Pool
Garage/parking

FAQ

In Croatia a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Povlja; 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 Povlja 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 (1 582 507 $) 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 Povlja: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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