Ideal co-ownership share in a set of apartment buildings

Praha 8, Libeň, Sokolovská

Key investment criteria

• sale of ideal co-ownership share 17/24 (70.83%)
• building in a state requiring reconstruction
• current gross floor area of ​​the building 2,807 m²
• current net floor area of ​​the building 1,533 m²
  • current net floor area of ​​residential units 804.83 m²
  • current net floor area of ​​studios 166.57 m²
  • current net floor area of ​​the restaurant 293.95 m²
  • current net floor area of ​​other premises (workshops, garages, warehouses) 267.99 m²
  • current floor area of ​​the basement approx. 700 m² (not included in the ČPP)
• potential net floor area of ​​the building 2,832 m²
  • potential net floor area of ​​residential units 2,159.7 m²
  • potential net floor area of ​​terraces and front gardens 373 m²
  • potential net floor area of ​​non-residential premises 300 m²
  • potential number of parking spaces - 17 places
• current net annual income from renting units - CZK 2,600,000
• building rented
• park views
• a dynamic location near the Palmovka metro station

Property description

• building from 1910
• 1 underground and 3 above-ground floors + attic
• original purpose: on the 1st underground and ground floors is meat operation (cooling and aging of meat, processing, shop, and inn), on the 1st floor and above are apartments
• approved as an apartment building
• extensive basement spaces (approx. 700 m²) with an architectural study from 2016 for cafes, rehearsal rooms, recording studios, and a cultural center with a club and dance halls
• attic spaces (approx. 390 m²) with the possibility of extension
• currently without an elevator, the possibility of its installation
• gas heating
• the building is not listed, but located in a listed area

Location

• gradually modernized district of Prague 8 - Libeň with a complete infrastructure
• tram stop right next to the building (less than 10 minutes to the city center)
  by the Palmovka metro station
• in the immediate vicinity of a kindergarten and elementary school, shops, restaurants, post office
• Galerie Harfa shopping and entertainment center and the multi-purpose O2 arena Prague are within a short driving distance
• many sports fields and parks in the vicinity, bike path along Rokytka Stream