Apartment building with commercial space, Prague, Czech Republic

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Apartment building with commercial space, Prague, Czech Republic

2,903,000 €
1,894 € /m²
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  • Total area
    1,532 m²
  • Yield
    2.0%
  • Rental rate (m²/month)
    5 €
Details
Property parameters
  • Leasable area: 1,019 m²
  • Land area: 383 m²
  • Total apartments: 18
  • 5-floor building
Financial performance
  • Annual income: 58,846 €
Tenants
  • Occupancy: 80 %
Transaction costs
  • Broker: 3.0%

Five-storey apartment building in Prague.

Description

The apartment building includes 18 apartments with a total area of 1019 m² and one commercial space on the ground floor with an area of 43 m².

It is possible to convert the attic of 180 m² in a residential area.

Deal type: Asset Deal.

Financial performance

The cost of the property is 75,000,000 CZK/ 2,903,000 €.

The absolute annual income is 1,520,252 CZK/ 58,846 €.

The current yield is 2%.

Transaction costs

Brokerage fee is 3%.

Location

The property is located in Prague 8, near the park.

The area has good transport accessibility, a tram stop and a metro station are located nearby.

Prague is the capital of the Czech Republic with the population of more than 1.28 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 number of tourists in Prague in 2017 exceeded 10 million people.

From the branches of industry in Prague machine building (machine-tool building, transport, electrical engineering), chemical, textile, clothing, printing, food industry are developed.

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