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Beautiful villa with heated pool and 3 holiday apartments 280 m from the sea

Code: 
HIPOR16
Size: 
450 m2
Plot: 
1.151 m2
Price (EUR): 
590.000
Price (Kuna): 
4.419.100
Number of bedrooms: 
9
Distance from the sea: 
280m
Region: 
Energy Certificate: 
Energy certificate applied for
Status: 
Finished
Price Reduced

This special property is located just 280 m from the sea and 2500 m from the old town of Porec in a quiet and peaceful residential neighbourhood - yet just a few minutes walk or by bicycle outside one of the most sought after tourist destinations in Istria.

The 1,267 m grounds offer plenty of space and are nicely designed, including several large olive trees. The main building is a spacious Mediterranean villa built in 1978 with 314 sq m living area and 5 bedrooms total, 2 of which are located in a holiday apartment with a separate entrance. 2 further holiday apartments are located next to the garden and the heated 36 sq m pool. They offer 1 and 2 bedrooms, respectively, each with its own entrance and terrace. This layout ensures that all guests can enjoy themselves while staying at the property, in addition to going to the beach and exploring all that Porec and Istria have to offer. At the same time there is excellent privacy due to high walls and the fact that neighbouring properties cannot look into this property. The views are of the surrounding area with partial sea views possible from certain angles.

The property is in good condition and offers many installations and other features which provide comfort and fun year round while ensuring cost savings wherever possible:

  • A total of 7 bathrooms (one of which with a bathtub).
  • A Jacuzzi for 6-7 people.
  • 7 Toshiba air conditioning units with heating function.
  • A complete automatic central heating and water heating system made by the Austrian company Sonnenkraft, using 11 solar collectors, a 12.5 + 12.5 kw heat pump and 2 1000l hot water tanks.
  • A water softening device.
  • A 9 kw wood burning fireplace (which can also act as an alternative source of heating).
  • An outdoor kitchen with a fireplace and BBQ.
  • An automatic irrigation system for watering the lawns and plants.
  • A counter-current system in the heated pool so that it can be used for actual swimming year round.
  • An intercom system with an external camera plus 2 indoor monitors (on the ground floor and on the first floor).
  • A burglary alarm system (made by the Swiss company Fittich) connected with a telephone-call service.
  • 2 satellite TV systems (Astra and Hotbird).
  • 8 wooden lounge beds for the pool area.
  • A 280 x 140 cm Cheviotte Billiard table.
  • A 142 cm TV in the villa and flat screen TVs in each of the holiday apartments.

The villa also has a basement with a wine cellar and a workshop. One of the rooms could easily be converted into a wellness area with sauna.

The 3 holiday apartments are 36, 44 and 56 sq m in size, fully equipped with built-in kitchens, bedroom, bathroom and living room and are registered as 3 star holiday accommodation. 

The revenues from renting the holiday apartments have amounted to approx. 25,000 Euro (gross) annually from the summer months only. The season could easily be extended and the rental income could be significantly higher. In addition, an international vacation rental company has made an offer to rent out the entire property which would give the owners a net estimated rental income of nearly 52,000 Euro if the property was offered by the agency for 13 weeks and 62,500 Euro for 17 weeks. 

All in all this is a very nice property in a beautiful location which offers many reasons to enjoy staying there and an excellent return on investment thanks to the rental income from the holiday apartments. Croatia has a record year in tourism in 2016 with Istria being the most popular region. Predictions for 2017 are even better and many airlines have upped the number of flights they are offering.

Note: The sales price has been reduced by 85,000 Euro!

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