Apartment building

Prague 1, Malá Strana, Nerudova

Key investment criteria

• built-up area 989 m²
• net floor area of residential units 318.05 m² (gross area 336.69 m²)
• net floor area of non-residential units approx. 369.25 m² (gross area 419.75 m²)
• terraces adjacent to the non-residential unit 26.22 m²
• used for short-term rentals with a current monthly income of approx. CZK 130,000
• potential additional revenue from renting a restaurant of approx. CZK150,000 per month
• a lucrative location on the King's Road
• high historical value (listed building)
• after reconstruction
• unique Gothic cellars, one of the few that survived the fire in 1541
• share deal; sale in the form of a transfer of 100% shares in a company

Property description

• Gothic origin, Renaissance layers, today's Baroque form from 1726
• immovable cultural monument
• complete reconstruction in 1994-1995
• 5 above-ground and 2 underground floors
  
• ground floor, 1st underground floor and 2nd underground floor: restaurant, lounge, atrium, terrace, toilets, storage, and other operational facilities
• 1st, 2nd and 3rd floors: always 2 apartments (1-bedroom and a studio)
• 4th floor (attic) 1-bedroom apartment
• in the two-level basement there is a food preparation room, an office, storage rooms, cleaning rooms, toilets, and washrooms
• casement windows (replicas of the original ones), entrance doors made of solid oak
• restored house sign
• painted Renaissance beamed ceilings
• parquet floors in the rooms
• gas heating from the central boiler room
• listed in the land registry as an apartment building with 6 units

Location

An attractive location full of history located in Malá Strana, close to the Hradčany Quarter. In addition to a large concentration of important monuments, the surroundings also offer a number of landscaped green areas, namely in the Petřín Gardens, the Great Strahov Garden, the historic Vojanovy Garden, the new Cihelná Park, and several formerly aristocratic gardens. Within walking distance are restaurants, cafes, several schools, including the Malostranské and the J. Kepler high school, a hospital with a pharmacy, and cultural centers, such as Malostranská Beseda. Transport connections are provided by trams from the Pohořelec or Malostranské náměstí stops, both less than a 10-minute walk away.