Hotel 4 600 m² in Prague, Czech Republic

Czech Republic.Prague Building for hotel 4 **** in Prague-1 Offer for investors! The sale is urgent! 7-story building for reconstruction in the very center of Prague - in the Prague-1 area, next to the main station. The building has a unique location within walking distance of all the central historical monuments of Prague and is ideal for the 4 **** hotel. Total building area: 4600 m2 There is a reconstruction project and general permission from the district administration for reconstruction under the hotel. Reconstruction period: 1-1.5 years The cost of a complete reconstruction of the proposed project is 3500,000 € Investment attractiveness: the price of such a finished hotel will be 15,000,000 €. Investor opportunities: 1.sell the finished hotel, earning 50% of the invested funds for 1.5 years (the building is for sale already at the initial stage of reconstruction) 2.leave the building in ownership, renting it out for a long-term rental of the network company managing the hotels (there are already those who wish). The rental income of the management company will be approximately 5% per annum.   Price: 6 500 000 €