Rezidence Oktagon in Prague

Name: Sales in Rezidence Oktagon started!
Start: 2021-03-24T08:41:35.814875+00:00
End: 2023-12-31T23:59:59+0000
Location: Rezidence Oktagon

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Project info

Object ID: 11666

Finished at	—
Price, m²	From 3700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 37.00 m²
Floors	4
Apartments	16
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Pankrác 17 min Pražského povstání 19 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

136,900$

Net profit

5,883$

Payback period

16.9 years

Avg property value increase per year

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About the project

A development project called Residence Octagon is located in Prague 4 - Branik. The project was created by renovating a corner house. The Oktagon Residence under the auspices of Pražská správa nemovitostí sro is a continuation of the famous Cubist houses typical of Vysehrad. The house is a brick three-lane with a semicircular projection and a flat roof in front of the building. The building has offices and classic apartments, studios and shops. In total, there are 16 housing units in the form of 12 apartments, 1 studio, 1 office and two shops. There is also a garden that residents can use.

Apartments:

Rezidene Oktagon comprises 12 residential units ranging from 1 + kk to 3 + kk with a usable area of 37 - 101 m2. The apartments have terraces or loggias located in the mezzanine, cellars. Standard suites are storage rooms, bathrooms with bath and shower, or twin sinks.

Developer

Dancing House, Fashion House on Wenceslas Square, Dlážděná Palace or the exceptional Vanguard Prague project. In PSN's portfolio you will fi…
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