Prague 3, small apartments, attic for adaptation available, house and apartments renovated, investment opportunity
Sale of an ideal half of a residential house in quiet and mostly renovated part of Prague 3 – Zizkov, the courtyard-balcony house consists of 3 parts – the main part (facing street) has 4 floors and has a whole basement. The house has a passage from the street into the courtyard and approx 6-passenger car unused parking places.
The second building, situated in the courtyard, has 3 floors, where the entire third floor is under ongoing reconstruction at the stage of finished construction site – 2 apartment units of 1 +1 layout.
The third single storey building in the courtyard is used as a studio and commercial space. A further construction of up to 3 floors is possible.
The total number of apartment is 18 of which 90% are 1 +1 layout. Total living area is approximately 640 m2. 16 apartments are habitable at this moment – everything is rented (all market prices, for a fixed period of one year).
Most of the apartments have been renovated during the last 6 years, all apartments have a living room with wooden parquette floors. Most of the apartments (80%) have new windows and doors, the buildings are otherwise completely renovated – roof, roofing, wiring, insulation facade and so on. The house has also a 5 commercial units with a total area of approximately 240 m2, two facing the street and the other facing the yard. The attic of 140 m2 offers other apartment construction. The cellars are before reconstruction – about 140 m2. There are no signs of soil moisture wicking or leaks from the street.
It is an interesting investment into real estate property with income, without an immediate additional investment necessary but with the possibility of development. There were regular payments to the repair fund in the past from which regular repairs repairs and reconstruction was being funded of. There is space for further negotiation with the 2nd owner concerning the 2nd half of the building. Communication is lacking any kind of problems. The average annual income for the whole house has been 1.6 mil. CZK (800 thousand. 50%) for the past few years.
The house lies in a very quiet street in Prague's developing area of Zizkov with full amenities (supermarket 100m, schools, kindergartens, department store Flora within 5 min), in the neighborhood there are offices, apartments, hotels. Public transport – bus connection to the metro station takes 5 minutes and 10 mins to center of Prague. Automobile connection is very good (connection with Prague's main road, circuit and the city center, as well as northern highways).
13 000 000 CZKtotal price
|Charges||includes comission and legal services|
|Address||Praha, Praha 3 (Okres Hlavní město Praha)|
|Usable area||1 160 m²|
|Grounds area||680 m²|
|Loft||yes (140 m²)|
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