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3 950 000 €

Commercial apartment building in Prague, Czech Republic, 991 sq.m

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  • Commercial apartment building in Prague, Czech Republic, 991 sq.m - picture 1
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  • Commercial apartment building in Prague, Czech Republic, 991 sq.m - picture 1
  • Commercial apartment building in Prague, Czech Republic, 991 sq.m - picture 2
  • Commercial apartment building in Prague, Czech Republic, 991 sq.m - picture 3
  • Commercial apartment building in Prague, Czech Republic, 991 sq.m - picture 4
  • Commercial apartment building in Prague, Czech Republic, 991 sq.m - picture 5
  • Commercial apartment building in Prague, Czech Republic, 991 sq.m - picture 6
  • Commercial apartment building in Prague, Czech Republic, 991 sq.m - picture 7
  • Commercial apartment building in Prague, Czech Republic, 991 sq.m - picture 8
  • Commercial apartment building in Prague, Czech Republic, 991 sq.m - picture 9
  • Property ID on Prian.info: 3699500
    Last update: 29.10.2023
    Number of views: 2001

3 950 000 €

Commercial apartment building in Prague, Czech Republic, 991 sq.m

991 sq.m 8% per year

  • Property ID on Prian.info: 3699500
    Last update: 29.10.2023
    Number of views: 2001

Specifications

Sale price 3 950 000 €
Price per square meter 3 985.87 €
Floor area 991 sq.m
Number of storeys 4
Address Czech Republic, Prague, Veleslavínská
Location within the city

Additional services

  • Property management company. Managing company conditions: 10% from revenue share

Finance

Profitability
Annual return 8 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Pay-off period 22 years

Rental income covers all the expenses in


Description

A unique apartment building in Prague. An offer from the owner. Europska Street, Prague 6

Information about the house:

House price 95.000.000 CZK = 3.950.000€

The total area of the house is 991 m2

Plot size 355 m2

Number of apartments: 16 apartments with a total area of 795 m2, including terraces

Non-residential premises: 3 premises with a total area of 88 m2

The area of apartments and premises from 35 m2 to 55 m2 is the area most desirable for rent.

Possible income from long-term rental 3.624.000 CZK per year

Possible income from short-term rental in the amount of CZK 5,328,000 per year

Return on investment: from 3.8% to 5.6%

ROI: 18 to 26 years old

Capitalization of about 8% per year

Guaranteed investment growth

The house is in good technical condition: dry basement, good facade, good roof.

Now the house is undergoing a complete reconstruction: sewerage, heating, water supply and electricity, repair of apartments and stairwells.

The house is free of rent. If you are interested, we will rent apartments in the house within a short time.

Location of the house:The infrastructure in this area is unique:

Close to metro, bus and tram stops.

Within walking distance from the house there are schools, kindergartens, shops, restaurants and cafes.

Nearby Nature Reserve is the largest nature park in Prague for a healthy lifestyle in a big city.

In the immediate vicinity of the house there are several Prague universities, medical centers and offices of international companies.

Direct access to Prague International Airport (15 minutes by bus).

Direct access to the historical center of Prague (10 minutes by metro).

Apartments for rent in the house:The house is ideal for short-term and long-term rentals:

The demand for apartment rentals is huge - long-term tenants will be students and employees of international companies.

Short-term tenants will be tourists and business travelers.

Forms of acquisition:The house belongs to a legal entity that is specially created for the ownership and management of the house.

There are two ways to buy a house:

  • By selling real estate.
  • By selling 100% of the shares of the company-the owner of the house.

Payment options: 1. The owners of the house have a loan for this house.

The loan will be repaid upon purchase or, if you are interested, you can request the bank to transfer the loan to a new owner, which will save your investment.

2. We may consider partial payment of the purchase in your country of residence.

After-sales service:After buying a house, we will be happy to provide you with additional services:

  • Short-term or long-term rental.
  • Home maintenance
  • Home management and accounting

Contacts and Views:

Views are possible in any form: personal presence, via WhatApp,m, Signal,, Zoom.

In case of questions, we are at your disposal:

Tel/WhatApp +420 776376516.


Contacts

Private person
Czech Republic, Karlovy Vary
Show phone number