House 1 204 m², All countries

The house and constructed in the second half of the thirtieth years of the 20th century is Fored Sale. The house is in a historical part of Prague-3 Zhizhkov. The description of the district of this property This property is in the district Prague-3 and Zhizhkov. It is one of the most beautiful and prestigious districts of Prague and since is near the center and but is very silent and convenient for life and with the complete and very developed infrastructure. This district is very developed. There is a set of restaurants and of little shops and public transport in the form of trams and buses and shopping center FLORA. From this property to Václav Square about 15 minutes on foot or the 5th minutes on the car and 7 minutes by tram. The detailed description of a property Is Fored Sale the profitable house in the district Prague-3 and Zhizhkov and who includes in the wide center of Prague. Condition of a property — very good and but demands reconstruction for the purpose of the following resale of a property on Apartments. Total number of Apartments in home — 19. The total area of Apartments of 850 sq.m + 180 sq.m the first floor and to which it is possible to For Sale under offices and to peredalat under Apartments or to lease under shop and tp. Parking spaces can be organized at the expense of the agreement with adjoining houses on 10 places. Near the house there are 2 stops of the tram and 1 stop of the bus. To the center trams with an interval go 3-4 minutes and the way to Wenceslas Square takes 7 minutes. On the car about 5 minutes. Set of restaurants and shops and shopping center Flora (cinema and shops and restaurants and big grocery store) and offices of banks and td. Amounts of the investments

Project cost is 1.342.000 euros Maintaining property (complete execution of the transaction — conducting repair of a property — sales/leasing) — 2.5% of real estate value — 33.550 euro Project and proyektovy documentation and coordination with state. ucherezhdeniye and permission to reconstruction — about 15.000-20.000 euros. We put the preliminary definitive estimate on complete reconstruction below (a rate of 1 euro = 27.8 Czech korunas and a rate of 1 dollar = 24.5 Czech korunas) Total: 1.342.000 + 33.550 + 15.000 + 711.510 = 2.102.050 euro

Calculation of profitability at resale of a property on Apartments. Calculations are made with the relevant prices in this district for this real estate. The prices of the new real estate in this district are 2.800 — 3.000 euro for 1 sq.m (proceeding from positioning of a property (the middle class of repair and a repair premium class). Proceeding from the total costs of this project the price for 1 sq.m is equal to 2.187 euros. Total investment is divided into the general selling - living space of the house In home of 850 sq.m — living space and 180 sq.m — the first floor (under offices or alteration under Apartments) Proceeding from these data: 2.800 — 1.187 = 613 euros for 1 sq.m. The general profit from sale: 613 * 1030 = 631.390 euros Nalogooblazheny 4% — national tax on property sale. 2.102.050 (project cost with repair) + 631.390 (profit) = 2.736.440 euros 2.736.440 * 0.04 = 109.457 euros 15% — income tax of 631.390 * 0.15 = 94.708 euros Total and net profit from this project = 2.736.440 — 109.457 — 94.708 — 2.102.050 = 429.974 euro or 20.5% of invested funds. Preliminary terms of reconstruction — apprx. 1 year. Sale apprx. 4-5 months.