Hotel for sale in Prague, Czech Republic

Apartment building in Prague 9€ 4,400,000Description

We offer you an apartment building in Prague with a total area of 1500m2, located in the Vysočany district, within walking distance from the Vysočanská metro station. The building consists of 33 residential apartments with a total living area of 1117m2. Part of this property is a plot in the courtyard of a house with an area of 100m2.

In 2017, the facade of the building was renovated and insulated. In 2021, 8 apartments were renovated, and the following 2 apartments are currently being renovated.

The house has:

- 27 studio apartments (1+kk) with an area from 28 to 32m2;- 6 two-room apartments (2+kk, 2+1) with an area of 54.5 m2.

The rental profit is currently 172,500 euros per year, after the completion of the reconstruction, the profit can be increased to 220,000 euros per year. Currently, all apartments are leased for a period of 1 year.

This project is a promising investment due to the most popular apartment layouts, which are currently in particularly high demand in the real estate rental market in the Czech Republic.

The house is located in a favorable area of Prague with developed infrastructure and excellent transport accessibility. There are two metro stations, tram stops, a train station, a large shopping center and restaurants within walking distance.

The cost is 4,400,000 euros. The price includes the reconstruction of 10 apartments. The price is up for discussion.

Object data

Floor6Number of rooms33Currently functioning1Rental income220000Type of ownershipProprietaryRecovery period22The year of adjustmentis 2017