Hotel near the center of Prague, Czech Republic

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Hotel near the center of Prague, Czech Republic

4,480,000 €
2,649 € /m²
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  • Total area
    1,691 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    21 €
Details
Property parameters
  • Leasable area: 1,061 m²
  • Land area: 629 m²
  • Total rooms: 42
  • Hotel rating: 4
  • 4-floor building
Financial performance
  • Annual income: 268,800 €
Property status
  • Most recent total renovation: 2014
Transaction costs
  • Broker: 3.0 %
Features
  • Car parks

Urgent sale of a four-star hotel without an operator.

Description

The hotel includes:

  • 42 rooms
  • bar/lobby
  • restaurant
  • parking (139 m²)

The hotel is constantly maintained in good condition.

Financial performance

The cost of the property is 115,000,000 CZK/ 4,480,000 €.

The absolute annual income is 268,800 €.

The current yield is 6%.

Tenants

Without an operator.

Transaction costs

Brokerage fee is 3%.

Location

The property is located near the city center, in the Prague 4 area, near the Vyšehrad fortress and the Vltava river. The metro station is located 5 minutes walk from the hotel.

There are several forest parks, so it is considered one of the greenest and environmentally friendly areas of the city.

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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