Development of a residential house in Prague, Czech Republic

Additional information is provided after the signing of an NDA

Development of a residential house in Prague, Czech Republic

23,548,000 €
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Total area: 21,000 m²
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Features
  • Land area: 3,900 m²
  • Number of parking lots: 115

Construction project of the residential building.

Description

The project includes the acquisition of an existing building with its subsequent renovation and the construction of an extension.

Total area of the building under the project is 21,000 m².

Number of parking spaces in the three-level underground parking: 115.

Term of the project: 3 years.

The current owner is a developer company. A new owner can choose his own developer for the construction of the building.

Financial performance

Project entry costs: 23,548,000 €.

Construction and renovation costs: 17,650,000 €.

Total costs: 41,198,000 €.

Projected sales revenues: 53,913,570 €.

Operating income: 12,715,570 €.

Yield of the project: 30%.

Location and nearby objects

The project is located in the central part of the city.

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Enquire about this apartment building
Irina Kunitsyna
Irina Kunitsyna
Real Estate Expert Tranio in Prague
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 2.5% annually
    • Construction site audits
    • Management company services