Two four-storey apartment buildings in Prague.
The first apartment building includes 16 apartments with a total area of 477 m². It is possible to convert the attic with an area of 109 m² into residential area.
The second apartment building includes 12 apartments with a total area of 503 m². It is possible to convert the attic of 110 m² into residential area.
Building requires light refurbishment to increase the rental income.
Deal type: Asset Deal.
The cost of the property is 84,000,000 CZK/ 3,251,000 €.
The absolute annual income is 1,663,632 CZK/ 64,391 €.
The current yield is 2%.
Brokerage fee is 3%.
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.