Rezidence U sv. Vaclava in Prague

Name: Rezidence U sv. Vaclava
Brand: PSN
SKU: 11662
Availability: InStock

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Project info

Object ID: 11662

Finished at	December 2017
Price, m²	From 4500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 45.00 m²
Floors	4
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Flora 11 min Skalka 12 min Jiřího z Poděbrad 15 min Želivského 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

202,500$

Net profit

6,783$

Payback period

22.4 years

Avg property value increase per year

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About the project

The residence U svatého Václava is named after the church of St. Wenceslas Square, which dominates the Swatopluk Cech square. The house was completed in 1910 and has undergone extensive renovations to fit the conditions for modern living. The interiors have been processed, the floor plans have been adapted and the technical properties of the selected structures have been improved. There was also a reconstruction of the common parts of the house, using existing elements such as decorative tiles, replicas of the entrance doors, new windows were installed, the facade was insulated, and a hydraulic lift was installed, which was connected to intermediate platforms. A central gas boiler house was also built and the basements located on the 1st floor were renovated. The apartments have French windows facing the courtyard, the façade is ocher. Their layout solution is 1 + kk - 4 + kk. Each apartment has a south-facing balcony to the courtyard.

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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