Portfolio of apartments Most and surroundings, total of 212 bj with an area of 11.286 m2Most
|CZK 210 000 000
This is the sale of a portfolio that was built from 2013 to 2022 and a total of 212 apartments with an area of 11,286m2. Great reputation - the owners have a crowd of people interested in housing (years of building a good reputation), tenants recommend the owners as decent reliable landlords. Ability to continue to manage for 6-12months. Most of the houses in which the apartments are located have been completely renovated and the apartments are in various conditions, i.e. from maintained in their original state to apartments that have already been renovated.
Great potential to increase rents. Average prices per 1m2 are low - for this year 2024 rents will increase by up to 100.000,-CZK ( an increase in these intentions will not affect the stability of the tenant portfolio ). Gradual investments in reconstruction can effectively increase the value of the property and rental income. By investing in low-cost renovations that owners can provide, property values and rental yields can be increased over the long term.
The city of Most has interesting potential. Compared to cities such as Chomutov, Teplice, Ústí n/Lab it is still undersized in terms of property prices and rents, without any fundamental reason for this. Comprehensive infrastructure of the statutory city, short walk to work in Germany, 50-60 min drive to work in Prague. The R7 motorway is being built, a short walk to the Ore Mountains, the industrial zones of Joseph and Triangl nearby have state support and are experiencing considerable development.
Rental income: 1.069.002,-CZK/month; 12.828.024,-CZK/year i.e. 6.11% p.a.
I will send a detailed rent table and other relevant information after signing the NDA.
Negotiation price: 210.000.000,-CZK including commission.