The Old Mill Estate on the Krupa River
Historical watermill built in 1890 at the bend of the Krupa River. A unique facility with a large land area and ready-made development scenarios for tourism and recreation.
Key metrics:
- Purchase price: €350,000
- Plot: 27.021 m2 with access to the river
- Built-up area: 368.7 m2 (3 levels)
- Year of construction / reconstruction: 1890 / 1989
- Coordinates: 45°37'30.7"N 15°14'09.4"E
- Location: 1 hour to the sea, airport, capital and thermal resorts
Description of the object:
The estate is located in a picturesque location by the clear Krupa River. The stone building of the former watermill has preserved its historical character and has the potential for a premium tourist product. The terrain and the area of the site allow you to place additional facilities and infrastructure without loss of privacy and visual harmony with nature.
Development scenarios (concepts and economics):
- Glamping — 5-7 luxury tents by the water, fishing, sauna, baptismal font
Investment: €850,000 Utilization: 65% Profit/year: €200,000 ROI: 23.5% Payback: 5 years
- Boutique hotel - 6-8 luxury rooms, 3-4 bungalows, swimming pool with river view
Investment: €1,350,000 Download: 57.5% Profit/year: €300,000 ROI: 22.2% Payback period: 7 years
- Active recreation center — trolling over the river, kayaking, trekking, archery range
Investment: €1,100,000 Download: 70% Profit/year: €220,000 ROI: 20.0% Payback period: 5 years
- Hunting estate — game breeding, trophy hunting, stables, wine cellar
Investment: €1,050,000 Utilization: 40% Profit/year: €180,000 ROI: 17.1% Payback: 6 years
- Retreat center - digital detox, yoga, SPA, eco—system, mini-hydroelectric power station
Investment: €1,150,000 Utilization: 35% Profit/year: €170,000 ROI: 14.8% Payback: 8 years
Strengths of the location and the market:
- Exclusive location by the river, large plot, historical value
- Growing eco- and adventure tourism; stable EU jurisdiction
- Comparatively low operating costs and high marginality of the travel product
Investment assessment:
The scenarios demonstrate a potential return of up to 23.5% ROI with a payback target of 5 years (glamping). The facility is recommended for investment due to its combination of historical uniqueness, scalability and attractive economy.
The Old Mill Estate on the Krupa River is a rare opportunity to create a premium project at the intersection of nature, heritage and sustainable tourism.
