Class A office building in Prague, Czech Republic

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Class A office building in Prague, Czech Republic

11,646,000 €
3,287 € /m²
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  • Total area
    3,543 m²
  • Yield
    6.2%
  • Built in 
    2012
Details
Property parameters
  • Number of parking lots: 73
Financial performance
  • Annual income: 718,611 €
Tenants
  • Fully let
Transaction costs
  • Broker: 2.0%

Class A office building in Prague.

Description

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)

Equipment

  • raised floors
  • suspended ceilings
  • security
  • reception
  • magnetic cards

Type of transaction: Share deal.

Financial performance

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%.

Tenants

The building is fully rented by 4 companies.

The lease agreement is valid until 2021 + extension option.

Transaction costs

Brokerage fee is 2% + VAT 21%.

Location

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.

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