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 %
  • Rental rate (m²/month)
    16 €
  • Built in 
    2012
Details
Property parameters
  • Number of parking lots: 73
Financial performance
  • Annual income: 718,611 €
Tenants
  • Occupancy: 100 %
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.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other office buildings for sale in the Czech Republic.

You can see more office buildings for sale in Prague elsewhere on our website.

Statistics in Prague

Price per m², €
4,862
Healthcare efficiency level
73
Index 73 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
75
Index 75 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 4,862.1
Apartment in a bedroom community, m² 3,175.93
Transport Price, €
Public transport, 1 ride 0.94
Monthly travel card 21.47
Taxi, 1 km 1.09
Petrol, 1 l 1.27
Food Price, €
Water, 1.5 l 0.53
Milk, 1 l 0.74
White bread, 500 g 0.92
Eggs, a dozen 1.81
Chicken fillet, 1 kg 5.89
Education Price, €
Kindergarten, per month 420.37
International school, per year 9,186.71
Health care index
Staff competence 78.04
Medical equipment 80.6
Research accuracy and completeness 70.69
Attitude towards patients 57.18
Security index
Crime rate 17.9
The risk of being robbed 18.34
The risk of car theft 39.29
The risk of break-in and property damage 38.1

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics
Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Prague
    +44 17 4822 0039
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