This apartment house for sale in Povljana on Pag Island offers an excellent investment opportunity just 200 metres from the sea and within easy reach of the beach.
Set in a desirable coastal location, the property comprises seven separate residential units, making it particularly suitable for tourist accommodation, holiday rentals or a combination of private use and rental income.
The house was built in two stages, with one part dating from the 1980s and the second constructed in the early 2000s. The exterior is in very good condition, particularly the façade and roof, while the interiors would benefit from renovation and modernisation. This creates considerable potential to upgrade the apartments and increase their rental appeal without requiring a complete reconstruction of the property.
Six of the seven apartments consist of two bedrooms, a kitchen, a bathroom and a terrace or balcony, depending on their position within the house. Each apartment is equipped with air conditioning, while most of the units enjoy a sea view. The combination of multiple independent apartments, proximity to the sea and existing accommodation infrastructure provides a strong foundation for a successful holiday rental business on Pag Island.
The property is surrounded by a spacious garden with private parking, while the generous outdoor area also offers the possibility of adding a swimming pool, subject to the necessary approvals. The combination of its location only 200 metres from the sea, seven residential units, sea views and substantial outdoor space makes this apartment house particularly attractive for buyers seeking a coastal investment with renovation potential.
The property has orderly ownership documentation and legalisation status. Given the favourable relationship between the size, price and location, together with its proximity to the beach and the potential to modernise the existing apartments and add a pool, this property represents an interesting opportunity for a tourist rental investment, holiday home business or private multi-unit coastal residence on Pag Island.
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: Swimming pool, Garden, Urbanized
