Hotel 1430 м² in Umag, Croatia

4 558 644 $

3 187 $ /м²

4Ocyq

Hotel 1430m² in Croatia, Umag. Priced at 3900000€ rent photo- #1

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Hotel 1430m² in Croatia, Umag. Priced at 3900000€ rent photo- #4

Hotel 1430m² in Croatia, Umag. Priced at 3900000€ rent photo- #5

Hotel 1430m² in Croatia, Umag. Priced at 3900000€ rent photo- #6

Hotel 1430m² in Croatia, Umag. Priced at 3900000€ rent photo- #7

Hotel 1430m² in Croatia, Umag. Priced at 3900000€ rent photo- #8

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Hotel 1430m² in Croatia, Umag. Priced at 3900000€ rent photo- #19

Area

1430 м²

Hotel, accommodation in Istria. City - Umag

Rare investment opportunity!
Recently built complex of hotel and casino space on the first line to the sea in Umag next to high class yachting marina.
Combination of gorgeous location and unique internal component.
Ground floor casino has an area of 430 sq.m. There is a possibility of gambling liscence for 15 years with subsequent prolongation for 15 years more.

First floor 4**** star hotel has a total area of 1000 sq.m.
Parking area for 42 cars by the building.

There are two possibilities - to buy the whole complex or to rent.
At the moment the building is renting spaces as offices.Hotel and casino are not operational.
Casino liscence has to be obtained anew, with the help of the Seller.

Rental fee demanded is 120 000 eur per year. There is a possibility to rent a neighbouring building too - altogether for 200 000 eur per year.
Please, do not hesitate to send your applications.

Ref: RE-AB-UMAG-Casino2

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.

Additional details

Property type

Commercial

Object type

Hotel

Price

4 558 644 $

Land area

FAQ

In Croatia a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Umag; 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 Umag 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 (4 558 644 $) 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 Umag: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).