Apartment building in the center of Karlovy Vary

Karlovy Vary
Apartment buildings with yield
Price CZK 33 000 000
Commission 0,0 %
Location Karlovarský kraj

In the exclusive representation of the owners, we offer an apartment/income property in the center of Karlovy Vary, in close proximity to the bus and train stations, a few steps from the Jan Becher Museum and the pedestrian zone. The surrounding development consists of existing residential buildings with retail units and civic amenities. Transport access is seamless; across the bridge is the main arterial road toward Prague and toward Cheb.

The property consists of two parts. The main part is a street-front row house—an apartment building with flats and retail/commercial premises on the ground floor. The second part is a two-storey courtyard building functionally connected to the main building by a linking corridor and a service yard.

The main building has 5 above-ground floors and 1 basement, arranged as follows:

• Ground floor: leased as offices with street-facing display windows; can also be used as retail space, 71.3 m²
• 1st floor: 4-room apartment with separate kitchen (4+1), 2 bathrooms, owner-occupied, 125 m²
• 2nd floor: 4-room apartment with separate kitchen (4+1), 2 bathrooms, leased, 125 m²
• 3rd floor: 4-room apartment with separate kitchen (4+1), 2 bathrooms, used by owner as offices, 125 m²
• 4th floor (attic): 2-room apartment with separate kitchen (2+1) and a 2-room unit with kitchenette (2kk), both leased, 68.2 m² and 32 m²

The courtyard building has the following layout:

• Ground floor: used by owner as offices, 56 m²
• 1st floor: two commercial units, cosmetics and hairdressing, leased, 69.5 m²

Total lettable area is 672 m² (does not include cellars of approx. 250 m², which can also be utilized). The building is in excellent technical condition with no further investment required. Since 2007 the property has undergone phased comprehensive modernization: replacement of water, sewer, and electrical systems; new interior plaster; stairs and railings; new front façade; window replacement (except windows in the common areas facing the courtyard). Heating: individual gas boiler for each flat; the courtyard building and the ground floor of the main building share a gas boiler. All units are fitted with an alarm connected to a security monitoring center. The courtyard building has air-conditioning. Fiber-optic internet is installed throughout. Part of the premises are owner-occupied and can be vacated after sale by agreement; the remaining part is leased at a market rent of CZK 74,650 per month plus utilities. The building’s Energy Performance Certificate is class D.

Subject of sale: the real estate.

 

 

Contact:
Martin Novák, Investment advisor & broker
tel.: +420 734 441 458
email: novak@portainvest.cz

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