Apartment Building For Sale

Picture of Apartment Building For Sale in Prague, Prague, Czech Republic


Prague, Prague, Czech Republic

Listed By: Nord Investment

Listed On: 03/12/2023

Listing ID: GL3508458


Development project - Prague 6. The development project is the construction of a residential house with a basement and a parking lot. Costs: land plot + project with building permit - 24 000 000 CZK (925 000 euros) + commission 2.5% of the cost; building materials - about 26 000 000 CZK (1 000 000 EUR); engineering, legal services, implementation costs, marketing. Total: 52,101,000 CZK (2,003,000 euros). Prague 6 is the largest administrative district in Prague. Prague 6 is considered one of the most prestigious areas of the Czech capital. It is located in the north-western part of the city and captures its central part. In Prague 6 there are mansions of the richest people in the Czech Republic, embassies of different countries, the best schools and higher education institutions, many ancient buildings. In the territory of Prague 6 there are such microdistricts as Ruzyne, Dejvice, Liboc, Veleslavín and other territories where about 137 000 people live. The area of ​​the district is 60 square kilometers, it borders on the districts of Prague 1 and Prague 2. There are several metro stations in the district: Borislavka, Nadrazi Veleslavín, Petriny, Dejvicka, Nemocnice Motol, but most of the districts of Prague 6 can be reached only by tram or bus. The project cost is 2 003 000 euros (52 101 000 CZK). After the construction of the house it is possible to sell it at a price of 3,270 per sq.m. 790 sq.m. (including basement and car park) x 3 270 euro = 2 583 300 euros (67 165 800 CZK). Income: 2 583 300 euros - 2 003 000 euros = 580 300 euros or 15 087 800 CZK. ROI: 28.9%. The documents are ready for the deal. Additional information is available upon request.

Source: The World Property Journal