Apartment building with a building permit in Prague 1

The apartment building is located in an attractive area in the very centre of Prague, just a few minutes from Wenceslas Square.

The property is currently a five-storey building with commercial premises on the ground floor and 14 residential units on the upper floors. A building permit has already been issued, allowing for the addition of one extra floor and an attic level, as well as the reconfiguration of the existing layouts into smaller residential units.

Once completed, the project will comprise a total of 40 apartments with a net floor area of almost 1,400 sqm. The ground floor will retain 2 commercial units with a total area of approximately 300 sqm.

The building is currently vacant, except for one commercial unit used as a restaurant, which is secured by a long-term lease agreement.

Key Project Parameters

 - prime location in the centre of Prague near Wenceslas Square

 - valid building permit issued

 - planned extension by one floor and an attic level

 - creation of 40 residential units

 - net apartment floor area of almost 1,400 sqm

 - 2 commercial units on the ground floor with an area of approx. 300 sqm

 - long-term leased commercial unit occupied by a restaurant

The subject of the sale is company.