Real Estate Description
Hotel and restaurant is located in Dubrovnik Old Town.
Total indoor space is around 450m2.
In the past this building was aristocracy palace.This property is protected as cultural heritage.
Total 9 apartments. Outside terrace connected with a stone bridge.
Under the ground floor is basement-wine cellar.
Penthouse on the top floor.Every room is air-conditioned.
Hotel exterior and interior are in great condition.
Cash flow in 2019 was around 180 000eur without restaurant. If the owner renovate apartments and complete restaurant this property has high potential to increase value and cash flow.
Investment return is excepted in 10 years.last 10 years in Dubrovnik region real estate properties record increase market value of around 5%.
Under the terrace is the restaurant.
Restaurant is empty space now, around 70m2 with 3 toilets.
Outside terrace is 70m2.
Restaurant has huge potential as this property is located near very popular touristic landmarks and attractions.