APARTMENT FOR SALE | Stefanikova street, Prague 5 - Smíchov, Centre
EUR 1 693 619
Vacant attic space situated on the 4th floor of an Art Nouveau building, with a building permit to build 4 apartments: three-bedroom apt. (218,10 m2), three-bedroom apt. (194,80 m2), three-bedroom apt. (190 m2), two-bedroom apt. (150,80 m2). More exclusive option has been approved by the heritage office and the owners association (OA), which includes 6 apartments: 3 BED (211,9/20,4 m2), 2 BED (131,6/32 m2), 3 BED (94 m2), 2 BED (133,9/32,5 m2), 2 BED (109,7/18,8 m2) in total 816,2 m2 of interior area and 135,4 m2 of terraces. Expected construction costs are around CZK 32 mill. including upgrade of the common areas, lifts and a compensation to OA. In the following 12 months we estimate the average sale price of the stylish apartments at CZK 105.000/m2. It is possible to lease a garage space in the underground parking in the adjacent building, with direct access through the courtyard. The project can be built in 12 months, expected yield is 30%. Purchase of the single purpose company (s.r.o.) owning the property for more than 3 years. Great opportunity to gain one apartment for free by means of this project. The price of the property is EUR 1 693 619 | CZK 44 720 000.
