The Real Estate in Croatia

Type:
Investments
Region:
Istria
City:
Vrsar
Price:
900,000 EUR / 0.00 kn
Object Area:
Parcel Area:
No. of Bedrooms: 0
No. of Bathrooms: 0
Distance to Sea: 300
Sea View: Yes
Pool: Yes

Description

nvestors are offering this project for sale at asking price of 900.000EUR
Sales price is to include:

  • - building plot of 3700m2
  • - architectural plans and drawings of Apart Hotel
  • - building plot survey study
  • - undertaking of obligation to secure building permit on buyers behalf

Subject to separate agreement with buyers investors will complete this project to turn-key level.


Location:

Funtana is a small tourist town between Poreč and Vrsar (Istra – CRO) with a developed tourist infrastructure, such as hotels, camping sites, marina, recreation facilities, restaurants, nightlife, fun, etc.

This project is located in the tourist zone of Funtana, along main road Poreč – Vrsar (favourable for an Apart Hotel), about 300 m from the sea, beach and yacht marina. The information office of the tourist community, agencies for accommodation renting and restaurants are in the immediate proximity. An aerial photograph of the location and the map of the region are given in the attachment.


Land:

The size of the building plot is 3775 m², and according to the detailed plan for the area “Coki” of Funtana the formation of 2 construction parcels is anticipated, and a part of the land will be detached for the future road. The land is in its entirety communally regulated and includes all usual infrastructural amenities.
Mixed residential and commercial purpose of building project is anticipated which naturally includes all forms of turist accommodation such as Apart Hotel.

Local municipality has been approached and the process of compensation for part of plot allocated for communal road is pending.


Possibilities of construction:

Plot No. 15 - approx. 1.080 m2 Gross.
Plot No. 12 - approx. 900 m2 Gross.
___________________________
Total area - approx. 1.980 m2 Gross. build up area

The buildings are type G + 1 + M with the possibility to build a basement. The construction can start immediately, that is, there are no constraints. It is necessary to make the projection of the buildings and to obtain building permit.

Both buildings can be corpoated in one single unit.

The possibility of construction does not comprise the outside facilities, such as the pool, the terrace, and similar.


Area evidence:

The stated structure of the areas as follows is an orientation, and can be changed according to the clients’ wishes.


Project Funtana

  • Construction stage: m2
  • Parcel No. 15 1.080
  • Parcel No. 12 900
  • TOTAL buil up area 1.980
  • NSA constructed 78% 1544,4

Area structure: Netto m2

  • Restaurant¬¬+Bar+Kitchen 300
  • Reception i admission 25
  • Sauna + fitness 40
  • Storage rooms 25
  • Apartments 1149,4
  • Size of Apt. approx. m2 38
  • No. of Apt. about 25

Note: NSA constructed is the construction without hallways and staircases, which are already deducted from the BRP. Therefore, NSA are netto selling areas without walls and communications.

As the plans and architectural drawings were completed recently it is now possible to decide and calculate total as well as partial areas of project in more detailed way.


Financial terms of repurchasing the project:

  • In the current state (land, ideal solution, analyses and similar)
    900.000 EUR

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