Class A office building in Prague.
The building consists of 4 above-ground and 2 underground floors.
The property includes:
- office units (3,315 m²)
- additional rooms (92 m²)
- warehouse (228 m²)
- underground parking (54 places)
- ground parking (19 places)
- raised floors
- suspended ceilings
- magnetic cards
Type of transaction: Share deal.
The cost of the property is 300,000,000 CZK.
The absolute annual income is 18,512,725 CZK.
The current yield is 6,2%.
The building is fully rented by 4 companies.
The lease agreement is valid until 2021 + extension option.
Brokerage fee is 2% + VAT 21%.
The property is located in the 5th district of Prague.
The building is well accessible by personal and public transport. There is a supermarket Lidl, car dealerships and car repair shops nearby.
The distance to the historical center of Prague is about 10 km.
Prague is the capital of the Czech Republic and the 14th largest city in the European Union. The population of Prague is 1.3 million people.
The city is the main political, economic and cultural center of the Czech Republic and a major tourist center of Europe. The historical center of Prague is listed as a UNESCO World Heritage Site.
The city has a reputation as the main venue for conferences and banquets in the region of Central and Eastern Europe.
Machine building (machine-tool building, transport, electrical engineering), chemical, textile, clothing, printing, food industry are developed in Prague.