Hotel in Medulin with Option to Expand into a Larger Complex - Great Investment!
Calm green location!
Located in a prime area of Medulin, just 300 meters from the sea, this property is designed as a mini hotel and offers an established, successful tourism business.
The property was built in 2005, has been impeccably maintained, and is in excellent condition.
Property Details:
The building spans 4 floors and offers a total area of 480 m², thoughtfully arranged to accommodate guests comfortably.
Features and Layout:
- 7 Studio Apartments: Each with its own terrace.
- 9 Guest Rooms with Private Bathrooms: Fully equipped and comfortable, many with views of Medulin Bay.
- Penthouse on the Fourth Floor: A luxurious 130 m² space comprising a living room, kitchen, dining area, three bedrooms, a bathroom, a hallway, and a spacious terrace with panoramic views.
- Guest Amenities: A shared kitchen, laundry facilities, and a reception area.
- All units are air-conditioned and most feature terraces with stunning views.
Technical Features:
- Central heating system.
- Solar water heating with a backup gas heating system.
- Video surveillance and an alarm system for enhanced security.
Outdoor Space:
The fenced and beautifully landscaped garden includes:
- A 50 m² swimming pool with "Pebble Tec" technology and Roman steps.
- A lawn area providing additional recreational space.
- A spacious parking lot for guests.
Investment Opportunity:
This mini hotel enjoys excellent occupancy rates and offers a secure return on investment, making it an outstanding opportunity for those looking to enter or expand in the tourism sector.
Option to Expand:
The neighboring property is also for sale, providing a unique opportunity to acquire both properties and create a larger hospitality complex. The combined area and capacity could accommodate more guests and further enhance the overall appeal and profitability of the venture.
Medulin Location Highlights:
Medulin is one of Istria's most popular tourist destinations, known for its crystal-clear waters, beautiful beaches, and vibrant local culture. The property’s proximity to the sea and its stunning views make it highly desirable for guests seeking a relaxing coastal getaway.
Viewings and Further Information:
All legal documentation is in order, and the property is ready for transfer. Viewings are available by appointment. Don’t miss this chance to acquire an exceptional property with expansion potential in a sought-after location.
Ref: RE-U-13152
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.
