Hostel in Prague, Czech Republic

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Hostel in Prague, Czech Republic

2,079,000 €
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Yield: 2.3%
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Features
  • Operating Incomе: 47,825 €
  • 3-floor building
  • Broker: 4.0%
  • Total rooms: 9

Hostel for tourists with an office on the ground floor.

Description

The hostel room capacity: 9 rooms (36 beds).

The building consists of a basement, an underground floor and three upper floors. 

There is an office on the ground floor of the building.

There is three rooms on each of above floor, one room with two beds, two rooms each with 5 beds.

All premises are rented.

Financial performance

The price of the property is 53.402.500 CZK.

Absolute annual income is 1,220,000 CZK.

The current yield of 2.3%. 

Projected annual income is 3,204,150 CZK.

The projected yield of 6.0%. 

Transaction costs

The brokerage fee is 4%.

Location and nearby objects

The hostel is located near the main street of the city. The shops, cafes and restaurants, a shopping center, a museum and a cinema are situated in a walking distance from the building. The Old Town square can be reached on foot in 4 minutes.

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Enquire about this hotel
Artem Ezhkov
Artem Ezhkov
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