Modranka in Prague

Name: Modranka
Brand: Horizon Holding
SKU: 11610
Availability: InStock

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Project info

Object ID: 11610

Finished at	December 2021
Price, m²	From 4500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 30.00 m²
Floors	14
Apartments	292
Condition	Turnkey
Construction type	Monolyth
Security	Security
Conveniences	Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

135,000$

Net profit

5,906$

Payback period

16.7 years

Avg property value increase per year

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About the project

Residence Modřanka is located near the villas of the First Republic in Prague 4 in Modřany, right on the banks of the Vltava River. The project includes 4 horseshoe-shaped buildings with 292 apartments with layouts from 1 + kk to 5 + kk, ranging from 30 to 160 m2. Each apartment has a balcony or terrace ranging from 4 to 126 m2, apartments on the ground floor have front gardens from 35 to 295 m2. Well thought out in the residence, as well as parking and cellars. The entire project has high standards both indoors and outdoors. Heat in the apartments is provided with hot water from the central gas boiler house. Inside the horseshoe is full of greenery for clean air and relaxation, and there is a playground for children. New buildings have energy labels B and C.

Developer

Horizon Holding has been active on the Czech market since 2001, during which time it has completed several residental projects and housing f…
Details about Horizon Holding