Hotel on Rab, Croatia, 340 m²

Excellent House with Garden and Sea View on Rab Island, just 700 Meters from the Sea!

For sale is a charming house in the peaceful village of Banjol on the island of Rab, ideally situated on a gentle hill with a stunning sea view!
This is a fantastic opportunity for those seeking a tranquil family home or wishing to venture into tourism, as the property includes 4 separate residential units.
Total area is 340 sq.m. Land plot is 350 sq.m.

The house is comprised of a ground floor and an upper floor.
The ground floor, part of an older structure, was completely renovated in 2006 with updated electrical and water installations, while the upper floor was built in the same year.
The house is surrounded by a beautifully landscaped Mediterranean garden.

Located approximately 700 meters from the sea, the elevated position provides a spectacular, unobstructed view of the sea and surrounding islands. South-facing, the house is bathed in sunlight throughout the day.

All apartments have been fully renovated, furnished, and are ready for immediate use or rental. The house features an existing chimney, is air-conditioned, and uses a combination of electric and wood heating. The bathrooms and kitchens were modernized in 2006, ensuring a contemporary and functional interior.

The property includes 5 parking spaces and is equipped with water and electricity connections. Set on a quiet street, it is still only a few minutes' walk from the sea. This home offers the perfect blend of a private family residence and a lucrative business opportunity in tourism.

If you’re looking for a move-in ready property on Rab that can start generating returns immediately, don’t miss out on this beautiful home!

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.