Czech
city of Prague
Building for a hotel 4**** to Prague-1
An offer for investors! The sale is urgent!
A 7-storey building under reconstruction in the very center of Prague - in the Prague-1 district, next to the main train station. The building has a unique location within walking distance from all the central historical monuments of Prague and is ideal for a hotel 4**** .
Total area of the building: 4600 m2
There is a reconstruction project and a general permission from the district administration for reconstruction for a hotel.
Reconstruction period: 1-1.5 years
The cost of a complete reconstruction of the proposed project is 3500000€
Investment attractiveness: the price of such a ready-made hotel will be 15,000,000€
Investor's opportunities:
1. to sell a ready-made hotel, earning 50% of the invested funds in 1.5 years (the building is put up for sale already at the initial stage of reconstruction)
2. leave the building in the property by renting it out to a long-term network company that manages hotels (there are already those who wish). The rental income of the management company will be approximately 5% per annum.
Price: 6 500 000€
