Brick building, with useful area of 919 sq. m., consists of a basement, four full floors and an attic. The front door is located on the right side. Immediately after the entrance is the spacious stairwell with natural lighting through the glass part of the roof. On the first floor there are two apartments and one non-residential premises. Three apartments located on the second and third floors, four in the fourth, attic - one apartment. In addition, on the attic floor can be equipped with at least one apartment. Just 13 apartments and one non-residential premises, all of them now empty. Elevator in the building, however in the stairwell space enough to install it. The building requires major repairs.
The calculation of yield at the sale of the apartments. In this area of the city, at the moment, the cost of 1 sqm one bedroom and two bedroom apartments, renovated, ranges from EUR 2 000 to 2 800 euros. To calculate the accepted sale price 2 360 Euro per 1 sq. m. of living area. 789 sqm – total area of apartments, of which 147 sqm – first floor. 642 sqm x 2300 Euro = 1 476 600 euros. 147 sqm x 1500 € = 220 € 500. Basement: 100 sqm x € 1000 = € 100,000. Total 1 797 100 Euro 4 % (71 437 Euro sales tax) = 1 216 725 euros. 1 216 725 (income) - 1 352 500 euros (flow) = 372 716 euros (net income). 27,5 % - return on investment in the further sale of flats.
The proposed facility is located on the street Urlezaga, Prague 5, the urban part košíře. This area until the second half of the nineteenth century was a village, later in the development process of industry, in 1922, became part of Prague. This locality is known for an abundance of greenery and excellent infrastructure. Within walking distance there are several parks: dial phone, Husova gardens and nearby Kinsky gardens, where there are opportunities for sport and relaxation. Transport infrastructure is well developed. Directly opposite the object is a bus stop Klamovka (routes No. 167 and 176), and in three minutes - Klamovka tram stop (routes No. 4,9,10,16,58,59), which is just 5 minutes drive from metro station Anděl (line b). So close and Nový Smíchov, one of the most popular shopping malls in Prague. To the largest in the Czech Republic medical center (hospital Motol and Na Homolce) only 8 minutes away by car.
The value of the object - 800 000 (22 000 000 CZK). Project management (full transaction processing - repair facility ) – 30 000 Euro. Reconstruction of living space - 789 sqm x € 500 per sqm = 394 500 euros. Reconstruction of basements and common areas - 330 sqm x 170 Euro per sqm= 56000 euros. Lift - 40 000 euros. 4 % (tax when buying property) = 32 000 euros. Total 1 352 500 euros. The documents are ready to deal. Additional information is available upon request and upon the signing of the LOI by the potential acquirer.

Posted Aug 24, 2015

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