Office building after reconstruction, Prague, Czech Republic

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Office building after reconstruction, Prague, Czech Republic

976,000 €
2,637 € /m²
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  • Total area
    370 m²
  • Yield
    6.0%
  • Rental rate (m²/month)
    15 €
Details
Property parameters
  • Leasable area: 330 m²
  • Land area: 368 m²
  • Number of parking lots: 6
  • 3-floor building
Financial performance
  • Annual income: 58,560 €
Tenants
  • Fully let
Transaction costs
  • Broker: 2.0%

Three-storey office building after complete reconstruction.

Description

There are 3 parking spaces on the territory of the building, also there is parking for 3 cars in front of the building.

There is an undeveloped plot of 142 m².

Deal type: Asset Deal.

Financial performance

The cost of the property is 25,000,000 CZK/,976,000 €.

The absolute annual income is 58,560 €.

The current yield is 6%.

Tenants

The tenants are an international real estate company and a Public Notary. Contracts can be signed for another year.

Transaction costs

Brokerage fee is 2%.

Location

The property is located in Prague 6, not far from the Divok Sarka Natural Park. Tram and bus stops are within walking distance, you can quickly get to the metro station.

Prague Airport is 10 minutes away.

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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