Apartment building

Prague 7, Ovenecká

Key investment criteria

• valid building permit for a change of building use to an apartment building, construction of a 2-story extension and addition of a courtyard tract (incl. expanding the number of parking spaces)
• gross floor area 4,428 m²
• net floor area of the residential units after the extension is 3,540 m²
• area of balconies and terraces 136.8 m²
• number of units is 74: 62 apartments, 12 semi-residential units
• currently 10 outdoor parking spaces in the courtyard, after reconstruction 19 garage spaces
• one of the best places in Prague on Letná, on the corner of two side streets in close proximity to Letná Park
• sale of the company (share deal)

Property description

• brick building from 1900
• currently 1 underground and 5 above-ground floors
• central gas boiler heating
• built-up area 800 m²
• plot of land 1,058 m²

Location
The building is part of a heritage-protected area in the wider center of Prague, located in a classic development of historic apartment buildings. The area is excellently accessible—a tram stop with many connections is only a 2-minute walk away, the Hradčanská (line A) and Vltavská (line C) metro stations are 5 minutes away by tram. Commuters by car will appreciate the proximity of a tunnel complex. The building is right next to the Letná and Stromovka parks, so the area provides many opportunities for outdoor sports and relaxation. The neighborhood is also full of restaurants, cafes and bistros, and a post office, supermarket, and smaller shops are nearby (farm produce shops, drugstores, clothes, etc.).