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Multifunctional apartment building for sale on Wenceslas Square in Prague

HotelProfitable house

Sale of real estate and movable property complex.

Sold

Price: 13 950 000 €
Praha Region:
Country: Czech republic

Characteristics of an apartment building

The historic building, with a total area of 4,157 m2, is located directly on Wenceslas Square. The building was built in the 14th century, and at the beginning of the 18th century it was rebuilt in the style of late classicism. The building has 4 floors + attic floor + basement floor which houses part of the restaurant.

Currently, the building houses hotel apartments of apartment type, a restaurant, a shop and a currency exchange office. The restaurant with Old Bohemian and international cuisine was opened in 1951, has 50 seats in the main hall, two salons designed for 40 and 20 visitors, as well as a seasonal terrace for 34-40 seats. The restaurant on a regular basis serves guests of hotel apartments: breakfasts, lunches, room service, events, etc.

In total, there are 41 rooms in the building, which are fully leased. Most lease agreements are concluded for a period of 2-3 years. 12 leases expire in December 2013. Part of the facility are permits for parking 40 cars in the "blue zone".

Detailed information about the object, floor plans, economic indicators, contracts, etc. will be provided to a potential buyer at his written request.

Format of the transaction: sale of the building under the contract of sale or sale of 100% of the shares in the company – the owner.

Price: 13 950 000 EUR

Partial financing of the transaction up to 70% is possible

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