Half an Apartment building

Prague 2, Nové Město, Palackého náměstí

Key investment criteria

• Net floor area of residential units and non-residential units in the building approx. 1,371 sq. m.
  
• Gross floor area of the building approx. 1635 sq. m.
• The house has in total 10 housing and 2 non-residential units
• Cellars in the basement with an area of 77.4 sq. m.
• All units are rented with an annual income of CZK 3,600,000
• 7 apartments are rented at market rent, 1 apartment has a regulated rent, 1 apartment is rented for life and 1 for 70 years
• Part of the rental of one non-residential space is also an apartment on the 1st floor
• The apartments are being continuously renovated
• preserved original architectural elements such as a vaulted segmental vault in the entrance hall, a double-arm staircase decorated with an original cast-iron railing, coffered doors, or terrazzo tiles in the interiors
• The subject of sale is 1/2 co-ownership share in the house
• Sale by way of property transfer (asset deal)
• The building is not divided into units in the owner's declaration.

Property description

• Apartment building from 1893-96; floor plans from 1895
• Named after a former ferry house, which was located nearby, and under the main cornice, supported by brackets, is the inscription "U Přívozu," framed with stucco decorations
• The area of the land is 425 sq. m., of which 126 sq. m. is the courtyard
• 2 underground floors, 6 above-ground floors
• 2 apartments per floor, each with an area of approx. 95 sq. m., two apartments on the 1st underground floor, each with an area of 42.2 sq. m.
• Attic apartment with an area of 180 sq. m. with a terrace
• No elevator in the building
• Facade reconstructed between 1985 and 1990
• Windows are casement from the 80s
• Roof reconstruction and attic extension from 1995
• Original oak parquet floors
• Heating by gas boilers in each unit (1 apartment has an electric boiler)
• 90% of the risers are replaced

Location

• Central location with easy access: metro and tram station right in front of the house
• Proximity to extensive green areas such as the Botanical Garden, Vyšehrad, Kateřinská Garden, and Albertovské slopes
• Popular location of Náplavka with farmers' markets, cultural events, and sports activities
• Famous restaurants, cafes, and ice cream parlors
• Quick access to medical services
• A complete offer of educational institutions in the vicinity
• A railway bridge with a dedicated sidewalk for pedestrians and cyclists connecting New Town to Smíchov