Commercial property 1 106 m² in Prague, Czech Republic

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 м2; 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.