Palmbaum Residence

Karlovy Vary, Karlovy Vary, Pražská silnice

Key investment criteria

• total floor area approx. 160 m²
• plot size: 347 m²
• currently operated as a aparthotel
• complete building renovation between 2016–2018
• terrace surrounded by greenery
• 1 outdoor parking space
• excellent location in a quiet part of the most famous Czech spa town
• annual yield of over 1 million CZK
• rating 9.4 ("Fantastic") on Booking.com

Property description

• detached building in very good condition
• 3 above-ground floors + attic storage space
  • ground floor: entrance hall, living room with a dining area and kitchen, access to the terrace, staff facilities, laundry room, toilet, and storage room
  • 1st floor: 2 bedrooms, 1 bathroom
  • 2nd floor: 2 bedrooms, bathroom with sauna, walk-in closet
• Rococo-style interior
• features: security entrance door, wooden windows and interior doors, wooden parquet floors, underfloor heating, security system connected to Safeguard service

Location

Karlovy Vary is the most visited spa town in the Czech Republic, famous not only for its healing springs and magnificent colonnade but also for its prestigious international film festival. In addition to the spa atmosphere, the city offers comprehensive amenities – the Varyáda shopping center, cinemas, theaters, schools of all levels, and a wide selection of restaurants, cafés, and bars. The city is not only a tourist hub but also home to traditional glassmaking and food industries. Iconic brands such as Moser, Becherovka, Karlovarské oplatky, and Mattoni mineral water are an integral part of its rich history.