Office building after complete reconstruction, Prague, Czech Republic

Additional information is provided after the signing of an NDA

Contact an agent at Tranio.com, and we will help find the perfect property for you, wherever it may be.

Office building after complete reconstruction, Prague, Czech Republic

15,254,000 €
2,284 € /m²
Learn the property location
Send the listing to yourself
  • Total area
    6,678 m²
  • Yield
    6.1%
  • Rental rate (m²/month)
    12 €
  • Built in 
    1970
Details
Property parameters
  • Leasable area: 6,678 m²
  • Land area: 2,236 m²
  • Number of parking lots: 63
  • 10-floor building
Financial performance
  • Annual income: 928,509 €
Tenants
  • Occupancy: 90%
Property status
  • Most recent total renovation: 2017
Transaction costs
  • Broker: 2.0%

Ten-storey office building in excellent condition. A complete reconstruction was carried out, the building does not require any additional investments.

Description

Office space ranges from 15 m² to 600 m². All offices are equipped with air conditioning, each floor has a kitchen and a toilet.

The building has two elevators and underground parking for 63 cars.

In 2017, the sunscreen was replaced and and the facade of the building was completely renovated.

Financial performance

The cost of the property is 389,000,000 CZK/ 15,254,000 €.

The absolute annual income is 23,678,760 CZK/928,509 €.

The current yield is 6,1%.

Tenants

Office building is currently occupied by 90%.

Transaction costs

Brokerage fee is 2%.

Location

The property is located in Prague 3 characterized by a large number of Art Nouveau apartment buildings, major buildings, parks, restaurants and cafes. The area has good transport links.

The property is located on one of the key arteries of the city, near the tram station and all major infrastructural facilities.

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.

More properties

If this ad doesn't suit you, have a look at the other office buildings for sale in Prague 3.

All ads in the country: office buildings for sale in the Czech Republic.

Learn more about this property
Ask the Destination Manager your questions
Learn more
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Marina Filichkina
    Marina Filichkina,
    Head of Sales
    Learn more
    Similar listings

    We select ads that may interest you.

    Not sure what to start with? Send an advice request
    Our expert will contact you to help with selecting real estate.
    Ask a question
      I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
      Sofia Bulanova,
      Senior Investment Consultant
      flag icon
      Dubai, UAE
      Tranio Global Real Estate, Ohmydesk Business Center, Al Fattan Downtown, 32d St, 103-104, Al Satwa Dubai, UAE
      flag icon
      Torrevieja, Spain
      Tranio LLC, Calle del Palangre, 14, 03182 Torrevieja
      flag icon
      Athens, Greece
      Tranio LLC, Vissarionos, 4, 10672 Athens
      flag icon
      Berlin, Germany
      Tranio Germany GmbH, Schlüterstraße 38, 10629 Berlin
      Send a request