Prague Prime Homes
V Kolkovne 5
http://www.pragueprimehomes.eu/v-kolkovne-5.html

© 2014 Prague Prime Homes
 

Contact

For additional information please contact:

Prague Prime Homes Management s.r.o.

Letenska 8

118 00 Prague

Email: office@pragueprimehomes.eu

Phone: +420 775 985 795

V KOLKOVNE NO. 5 - PRAGUE STARE MESTO

V Kolkovne 5 is a neoclassical building with 11 apartments and 2 retail units and with a net area of around 1,700 sqm in the heart of historical Prague only few steps from The Old Town Square, the famous Astronomical clock or the Parizska shopping street.

This part of Prague offers a variety of high street shopping opportunities, plenty of restaurants and bars, a wide range of services, the most famous theatres, concert halls and historical monuments and there is a high demand  for apartments in that area from people looking for stylish living in the heart of Prague. In addition there exists also a high demand for retail space in that part of Prague.

The building has been already partly refurbished in the last years and at the time of acquisition the majority of the units in the property were still let. PPH Management has undertaken a refurbishment of the common areas and the apartments have been or will be renovated  as the lease contracts expire. After completion of the renovation the exit is planned through a sale of the apartments.

The first apartments have been sold in the meantime, others are currently under refurbishment and will be offered for sale after completion of the refurbishment.

The completion of the renovation and sale-off is scheduled for year-end 2014, reflecting an investment horizon of around 18 months.