Apartment building

Opava, Solná

Key investment criteria

• current leasable area incl. parking and garage 1,784 sq. m.
• leasable area of the residential units in total 713 sq. m. + cellar for each unit
• leasable area of the business premises 637 sq. m.
• outdoor parking spaces and a garage for 6 cars in total 395 sq. m.
• gated parking lot with an entrance barrier, guarded by a camera system
• attic with the possibility of extension
• apartments continuously renovated (replacement of windows, renovation of oak parquet floors, new kitchen units, new sanitary facilities including tiling and paving, Sherlock entrance security door)
• front commercial non-residential premises including storefronts completely newly built in 2017 including triple-glazed wooden Euro windows
• current annual income (apartments, non-residential premises, parking lot) CZK 2,000,000
• the possibility of increasing the rental income
• residential and non-residential premises completely occupied by tenants, fixed-term leases (apartments for 1 year, non-residential premises for 1 or 2 years)
• rooftop photovoltaic power plant (5 kW) for the building's own consumption + annual income for unused electricity of approx. CZK 20,000 (state-guaranteed purchase of energy until 2040)
• attractive location in the city center

Property description

• 1 underground floor, 3 above-ground floors, and an attic
• brick building from 1897–1901, building inspired by Baroque and Art Nouveau
• building reconstructed in 2015 and 2017
• wooden triple-glazed Euro windows (street side), double-glazed plastic windows (facing the inner courtyard), new sewerage, water, and electricity distribution systems, reconstructed vault cellars in the basement
• unit area from approx. 60 sq. m. (1-bedroom) to approx. 80 sq. m. (2-bedroom)
• basement: cellars, warehouses, non-residential premises utility rooms; ground floor: non-residential premises including facilities 676 sq. m.; 1st floor: 3 x apartments (1 x 80 sq. m. apartment, 2 x 60 sq. m. apartment) 233 sq. m.; 2nd floor: 3 x apartments (1 x 80 sq. m. apartment, 2 x 60 sq. m. apartments) 233 sq. m.; 3rd floor – 1 x apartment of 59 sq. m., floor area 188 sq. m. – one of the two attic apartments is currently being completed
• south-facing windows (to a quiet cul-de-sac) and north-facing (to a green courtyard)
• rare original arts and crafts elements have been preserved thanks to heritage protection
  

Location

The building is located in the very center of the historic part of the city of Opava; thanks to its central location in the city, amenities are easily accessible. Dolní Square lined with cafes, restaurants, and shops is a few steps away and you can also walk to a kindergarten and elementary school, a shopping and entertainment center, a cinema, the Silesian Theatre, a swimming pool, and a sports hall. The Janáček Gardens make the area even more pleasant.

Current leasable area 1,784 sq. m., of wich leasable area 1,389 sq. m., and parking and garage 395 sq. m., built-up area 970 sq. m., plot 1,241 sq. m.