New building 20m from the sea in the town centre with a stunning view of the Adriatic! Excellently positioned for recreation, living or working. Constructed from stone and glass, this building is a hybrid of modernity and tradition in its architectural style. It consists of a residential section with 44 apartments on two floors and an attic and commercial section. Each apartment comes with an underground parking place and storage area. The ground floor contains offices and shops. Each floor is connected by elevator and staircase. All apartments are equipped with telephone, TV satellite connections, as well as heating and air conditioning. The flats have one, two or three bedrooms, living room, kitchen and balcony.

Umag is one of the most attractive touristic destinations on the Adriatic sea and serves as an entrance point between Croatia and the rest of Europe. The town is a port on the southwestern coast of Istria located only 49km from Trieste, 150km from Ljubljana and 50 nautical miles from Venice. This small town has a rich history and is now one of the fastest developing resorts in this region. The world famous ATP Tennis Tournament takes place annually in Umag, proving that the development and infrastructure of the region has already put it well and truly on the map. Today Umag accommodates more than 40 000 visitors in 15 hotels and 5 camping sites.

As in Istria as a whole, there is still a shortage of summer accommodation in Umag, particularly for the many visitors who have arrived by car from Italy and Central Europe, or via one of the 3 airports welcoming budget flights from Europe within a 45 minute drive. Rental potential over the long summer is very stable and reliable. In addition, the area is experiencing a steadily attractive increase in prices. Of further benefit, the close proximity of this building to the sea (extremely rare in Croatia) will further ensure both the property’s rental potential and future growth in value.




RIVA APARTMENTS
Croatia, Istria, Umag

Two Bedrooms 84m² to 84m² €194,000 to €194,000
Three Bedrooms 99m² to 99m² €217,000 to €227,000


Classic - Buy to Let
EXPECTED CAPITAL GROWTH UP TO: 15.00%