The building consists of the cellar and of four full-fledged floors and a penthouse. The street door is locateded on right стороне. Сразу behind an entrance there is a spacious staircase with natural lighting through a glass part of a roof. On the first floor two Apartments and one non-residential premise are locateded. On three Apartments it is locateded on the second and third floors and four — on the fourth and and on mansard — one Apartment. Besides, on the mansard floor it is possible to equip at least one more Apartment. In total in home 13 Apartments and one non-residential premise and all of them are empty now. There is no elevator in the building and however on ladder клетке достаточно space and that it установить. Здание demands capital repairs.
The offered property is on Vrkhlitsky St. and the district Prague 5 and a city part "Коширже". Эта область to the second half of the XIX century was the village and later in industry development в 1922 became a part of Prague. This area is known for abundance of greens and fine infrastructure. В пешей remoteness there are several parks at once: Klamovka and of Gusova gardens and nearby сады Кинского and where is opportunities both for sports activities and and for quiet отдыха. Транспортная infrastructure of the district is perfectly developed. Directly opposite to a property it is locateded автобусная остановка Klamovka (routes No. 167 and 176) and and in three minutes walk — tram stop Klamovka (routes No. 4,9,10,16,58,59) and from where in 5 minutes it is possible to reach to the Anděl metro station (line B) . Так nearby is and Nový Smíchov and one of the most popular shopping centers of Prague. До крупнейшего in the Czech Republic of the medical center (Motol and Na Homolce hospital) of only 8 minutes drive на автомобиле.
Project details
Project cost is 800,000 euros
Maintaining property (complete execution of the transaction — repair of a property) – 30,000 euros
Reconstruction of living space (789 sq.m) = 789 sq.m x 500 euros = 394,500 euros
Reconstruction of basements and total areas of 330 sq.m x 170 euros =56000 euros
Elevator = 40,000 euros
4% (purchase of the real estate) = 32,000 euros
Total: 1,352,500 euros
Calculation of profitability at resale
In this district at the moment the cost of 1 sq.m after repair of one-room and two-room apartments is from 2,000 euros to 2,800 euros.
We take the cost of sale of 2,360 euros for 1 sq.m of living space.
789 sq.m – the total area of Apartments, from which 147 sq.m – first floors
642 sq.m x 2300 euros = 1,476,600 euros
147 sq.m x 1500 euros = 220,500 euros
Crypts of 100 sq.m x 1000 euros = 100,000 euros
TOTAL: 1,797,100 euros – 4% (71,437 euros sales tax) = 1,725,216 euros
1,725,216 (income) — 1,352,500 euros (expense) = 372,716 euros (net income)
(27.5% profitability from resale from invested funds)
