£2,979,760 GBP | $3,711,873 USD
Type: Property
Bedrooms: Studio
Floor area: 1106.92 m2
Date Built: New
Agent/Owner:
Cyprus Luxury Properties
Yiannis Panagides
Location: Cyprus
Speaks: English, Italian,Russian
Advert last updated: 4/25/2024
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Commercial (Building) in Prague, Prague for Sale
The building is located in a quiet area of the city.
Layout:
Basement: General and commercial premises (193.14 sqm before reconstruction);
Yard: 103,50 ?2;
1 floor (above the basement):
Two residential units (98.26 sqm and 60.35 sqm) and common areas (40.45 sqm);
2nd floor:
Two residential units (95.79 sqm and 94.76 sqm) and common areas (19.05 sqm);
3rd floor:
Two residential units (114.98 sqm and 74.23 sqm) and common areas (19.04 sqm);
4th floor:
Three residential units (95.25 sqm, 55.07 sqm and 38.47 sqm), common areas (21.16 sqm);
5th floor:
Two residential units (86.02 sqm and 51.27 sqm), common areas 49.33 m2 prior to reconstruction into residential units 26.09 m2;
6th floor (attic): Residential part 89.66 m2.
The total area is 1425.87 m2.
Usable area 1106.92 m2 of which 913.78 m2 residential units and 193.14 m2 commercial units.
Thus, a total of 12 residential units (of which 1 is pre-renovated) and 1 commercial unit (pre-renovated). The residential units are partially occupied.
Proposal:
For floors 1-5 it is also possible to alter / subdivide the existing layout to 4 residential units on each floor, which would change the existing capacity of the house to 20 residential units and 1 commercial unit. There is also a valid permission to change the layout of the house and install a street lift in the courtyard.
Assessment:
According to Deloitte 06/2021, the average price of flats in this area (Prague 8 - Karlin) is 150,310 CZK per sqm. ( 5,871 EUR/sqm). At this assessed price for residential premises and at an assessed price of 50% for commercial premises, with residential premises of 913 sqm and commercial premises of 193 sqm, the value is approximately CZK 151 million (EUR 5,860,000).
Price:
The price is CZK 85 million. The price is not negotiable. The sale will take the form of a transfer of 100% of the share in the business of a special purpose company.
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