Land in Beroun, Czech Republic, 11 000 sq.m

Land plot with 4 historical buildings for sale. Located in a prime location between the famous castle and the golf course. Close to train and bus station. You can quickly get to Prague, an excellent highway.

There is a construction project and building permit.
Land area - approximately 11.000 m2.
Price - 1.800.000 euros.
Upon completion of construction here will be 68 new apartments with a total area of 6.133 m2, plus a total area of 227 m2, garages 329 m2 and a restaurant 346 m2. The total area of all premises is 7.035 m2.
Planned rentability is as follows (at the current rate of 27.2 CZK per euro):
Purchase of land - 49 million CZK. Construction and sales costs - 211 million CZK.
Revenue - 387 million CZK. Profit - 127 million CZK or 4.670.000 euros.
The implementation period is 2 years. The yield is 48%. Annual - 24%.Even if the term increases to three years due to unfavorable conditions, the profitability will be at least 16% per annum. And the CZK is likely to strengthen and this will increase the yield in euros.