This income-generating property for sale on Hvar Island in the city of Hvar occupies one of the most desirable real estate locations in Dalmatia, situated a mere 700 meters from the Adriatic Sea.
Spanning a generous total living area of 500 square meters on an equally sized 500 square meter plot, this Mediterranean house represents an exceptional investment opportunity for luxury tourist rentals, a boutique bed and breakfast, or the continuation of a highly successful hospitality and tourism business in Croatia.
The versatile multi-family coastal property extends over four distinct floors and contains a total of 8 independent residential units designed to maximize rental yields.
The basement level features a practical storage room alongside covered parking, while the ground floor layout comprises three comfortable one-bedroom apartments and one cozy studio apartment.
Moving upward, the first floor hosts three spacious and well-appointed one-bedroom apartments tailored for vacationing guests.
The attic level is dedicated to a sprawling two-bedroom penthouse apartment complete with a large, sunlit living room, making it absolutely ideal for private owner occupancy or conversion into premium luxury accommodation.
This Hvar apartment building includes a secure private garage and a sufficient number of dedicated parking spaces for all accommodation units, which serves as a significant competitive advantage for real estate in this premium coastal location.
Originally built in 1997 and thoroughly renovated in 2019 to modern Mediterranean design standards, the entire property has been meticulously maintained and stands fully ready to continue its profitable tourism activity without requiring any additional capital investment.
A carefully landscaped and cultivated Mediterranean garden surrounds the villa, providing a peaceful, green setting for outdoor relaxation and guest privacy, while the excellent micro-location ensures high tourist occupancy and strong rental demand throughout the holiday season. Pristine pebble beaches and the vibrant center of Hvar are only a few minutes of easy walking distance away, and the nearest authentic Dalmatian restaurant is just 300 meters from the doorstep. For buyers searching for prime Croatian coastal real estate that seamlessly combines a premium island location, established tourist rental potential, and long-term investment value, this multi-unit house represents a rare market opportunity on the highly sought-after island of Hvar.
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.
Property advantages: Garage, Storage, Garden, Urbanized, Modern
