Apartment building with commercial space, Prague, Czech Republic

Additional information is provided after the signing of an NDA

Apartment building with commercial space, Prague, Czech Republic

2,244,000 €
3,151 € /m²
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  • Total area
    712 m²
  • Yield
    2.9 %
  • Rental rate (m²/month)
    7 €
Details
Property parameters
  • Leasable area: 712 m²
  • Land area: 418 m²
  • Total apartments: 13
  • Number of parking lots: 2
  • 4-floor building
Financial performance
  • Annual income: 64,989 €
Tenants
  • Occupancy: 100 %
Transaction costs
  • Broker: 3.0 %

Four-storey apartment building in a historic building.

Description

The apartment building includes 13 apartments with a total area of 680 m² and a commercial space of 32 m² located on the half-basement floor.

It is possible to convert the attic into a residential area of 65 m² and build another commercial space of 74 m² on the half-basement floor.

There are two garages in the courtyard, it is possible to increase the number of parking spaces.

It is also possible to purchase a nearby land plot of 114 m².

Deal type: Asset Deal.

Financial performance

The cost of the property is 58,000,000 CZK/ 2,244,000 €.

The absolute annual income is 1,680,632 CZK/ 64,989 €.

The current yield is 2,9%.

There is a potential of considerably higher rent after reconstruction.

Transaction costs

Brokerage fee is 3%.

Location

The property is located in Prague 3, near the park. There is a tram stop in 100 meters from the building which provides a quick access to the Paris University of Economics and Wenceslas Square.

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.

  • Property on the map
    Location right down to the building, street or city

More properties

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

You can see more apartment buildings for sale in Prague 3 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 3
    +44 17 4822 0039
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