Office building

Prague 1, Nové Město

Key investment criteria

• gross floor area 1,796 m2
• net leaseable area 1,540 m2
• current yield 3,67 % p.a.
• some units are currently rented short-term, some long-term
• potential to increase the leasable area by extension, study to increase by approx. 190 m2 of net rentable area
• sale in the form of transfer of a property (share deal)

Description of the property

• house built in 1920
• complete reconstruction in 1996–1997, then regular maintenance and partial modifications
• 4 above-ground floors, basement and an attic
• brick structure (wall thickness 45–60 cm), gable roof with dormers and skylights
• wooden euro windows
• stone staircase, external cladding of sandstone
• floors: parquet, tiles, granite
• basement: cellars, boiler room, office, corridor, cleaning and storage
• ground floor: entrance hall, hall, staircase, shop, restaurant and 2 apartments accessible from the courtyard
• 1.-5. floor: apartments, corridors, stairs
• balcony overlooking the south-west facing paved courtyard with a green bed
• lift (capacity 750 kg)
• apartments on the ground floor boast air conditioning and underfloor heating
• central gas heating and DHW heating (2 x Vaillant boilers from 2020)
• master key, chip access system, massive wooden front door
• cable and satellite TV distribution, Vodafone internet

Location
Excellent place right in the center of Nové Město, on a one-way side street leading to Wenceslas Square. Within a short walking distance is the Muzeum transfer station of lines A and C or the Karlovo náměstí station of line B, tram stops and the Main Railway Station and all civic amenities.

Gross area 1,796 m2, net leaseable area 1,540 m2, built-up area 478 m2, plot 478 m2.