New residential complex in Prague, Czech Republic

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New residential complex in Prague, Czech Republic

1,164,000 €
2,657 € /m²
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  • Total area
    438 m²
  • Yield
    5.4%
  • Built in 
    2019
Details
Property parameters
  • Land area: 900 m²
  • Number of parking lots: 6
Financial performance
  • Annual income: 62,867 €
Tenants
  • Fully let
  • End of lease: 2024

A new complex consisting of three separate townhouses.

Description

The new complex is divided into 3 separate units (townhouses), each unit of this building has a living area of 146 m², terrace, 2 parking spaces and a land plot of about 300 m².

Financial performance

The cost of the property is 30,000,000 CHF/ 1,164,200 €.

The absolute annual income is 1,620,000 CHF/ 62,867 €.

The yield is 5.4%.

Tenants

The lease agreement is valid for 5 years.

Location

The property is located in the southeast of Prague, in the Benice district. On the territory of this district there are many unique natural places: the Obora forest reserve and the slope ”Pitkowice Stran“.

There is a shop, school, kindergarten, bus stop and four-star hotel located near the property.

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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    Location right down to the building, street or city

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