Hotel with 9 rooms in Medulin, Croatia, for sale

General information

This mini-hotel for sale in Medulin features a unique boutique design on the first line of the sea. The building covers an area of 450 m2 and is situated on a plot of 1350 m2. It includes a swimming pool, a fountain, a well-groomed plot, a summer kitchen, and a tavern. The property is divided into 7 fully furnished and equipped apartments, which are well-rented and have excellent occupancy rates.

Apartments distribution:

• First floor: two apartments of 75 m2 and 80 m2.
• Second floor: five apartments of 40 m2 each.
• Third floor: one spacious apartment of 80 m2.

Parking is available for several cars, along with a garage. The asking price is over 2 million euros.

Location

The property is located in Medulin, Croatia, near the archaeological park and within walking distance to numerous shops, restaurants, supermarkets, and the city yacht marina.

Infrastructure and Features

• Garage
• Swimming pool
• Urbanized area

Investment Appeal

In the first quarter of 2024, Croatia recorded 1.1 million tourist arrivals and 2.6 million tourist nights, marking increases of 16.7% and 17.2% respectively compared to the same period in 2023. The County of Istria, where Medulin is located, had the highest number of tourist nights, with 409 thousand nights in March 2024, a 77.0% increase from March 2023. In April 2024, Istria again led with 766 thousand tourist nights, accounting for 27.6% of the total in Croatia. This data indicates a strong upward trend in tourism, which could enhance the investment potential of the property.