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: 06/27/2023

Listing ID: GL3614458


Development project for the construction of family houses near Prague. The project provides for the construction of 198 family houses and townhouses. Stage 1-the construction of 101 houses. Stage 2-the construction of 97 houses. At the moment, negotiations are under way to amend the project documentation to divide stage 2 into two separate stages, namely the construction of 55 family houses and the construction of 25 3-storey townhouses. At the first and second stage of construction, 156 family houses are planned to be built. The houses will have a different area to meet the needs of different customers. The area houses will be from 137 to 247 sq m (including garage). Plot area — 300 to 750 sq. m. At the third stage of construction it is planned to build 25 apartment houses with Parking spaces and basement. Number of floors: 3 floors. Apartments in the house: 9. Total: 225 apartments of various sizes, from 60 sqm to 100 sqm Total land area - 101 000 sq. m. The development project will be implemented in Květnice. Population: 130 people (by status for 2003). 1 600 people (as of 2017). The population increased due to the construction and implementation of several residential projects, which indicates a great interest and demand for real estate in this segment. In the village dominated by new buildings. The center of Prague can be reached in 25 minutes by car on the highway, 35 minutes by train, 30 minutes by bus. Nearby is a huge complex, hypermarket (10 minute drive) — Pruhonice, including a water Park, about 20 huge hypermarkets. In the village Květnice, there is a kindergarten, grocery stores, bowling. Květnice is located 30 km from the historical centre of Prague and 2 km from the border of Prague. Through the village is a bus service. One bus goes to Skalka metro station in Prague. The second — to the next paragraph Úvaly, from which runs a train to the city centre (station Hlávní nádraží). The cost of the project is 260 000 000 CZK. Refinancing by the Bank: about 70 % (182 000 000 CZK). Construction and infrastructure: 793 000 000 CZK. Bank financing: 70% or 555 000 000 CZK. Total amount of own funds required (direct costs + indirect costs): about 373 500 000 CZK. Total profit: 630 000 000 CZK. ROI of the project: 168 % (excluding the Bank's interest, about 3% per annum). Direct costs 1 053 000 000 CZK. Indirect costs 357 500 000 CZK. The cycle of the whole project is 54 months. The documents are ready to deal. Additional information is available upon request.

Source: The World Property Journal