Hotel 4 600 m² in Prague, Czech Republic

Czech Republic
€6,50M
€1,413/m²
;

Location

  • Country
    Czech Republic
  • State
    Prague
  • Metro
    Pražského povstání (~ 1000 m)

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    €1,413/m²
  • Total area
    Total area
    4 600 m²

Description

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 €      
Updated at: 04/11/2023

Location on the map

Czech Republic
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