Hotel with commercial spaces in the center of Prague, Czech Republic

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Hotel with commercial spaces in the center of Prague, Czech Republic

2,100,000 €
4,615 € /m²
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  • Total area
    455 m²
  • Yield
    4.2%
  • Rental rate (m²/month)
    27 €
Details
Property parameters
  • Leasable area: 270 m²
  • Land area: 141 m²
  • Total rooms: 9
Financial performance
  • Annual income: 88,500 €
Tenants
  • No tenants
Property status
  • Most recent total renovation: 2017
Transaction costs
  • Broker: 3.0%

Hotel in a historical building in one of the most popular residential and tourist areas of Prague.

Description

The hotel includes 9 apartments with a total area of 220 m² and office spaces on the ground floor with a total area of 50 m².

The refurbishment was completed in 2017, the building and apartments are in good condition.

There is a basement of 100 m² and an attic of 85 m² which can be used for conversion.

Deal type: Asset Deal.

Location

The property is located in Prague 1, the central district of the city popular among tourists. There are many shops, including prestigious brands, as well as dozens of cafes, restaurants and entertainment centers.

Most of the buildings in the area are historical. There are practically no new buildings, but many old houses are being actively reconstructed. The cost of real estate (both purchase and rental) is the highest in the city. Having an office in Prague 1 is considered very prestigious.

The property is located within walking distance of the metro station and a public transport stop. There are several museums, a hotel and a cafe 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.

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 hotels for sale in Prague 1.

All ads in the country: hotels for sale in the Czech Republic.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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