Rezidence Letna in Prague

Name: Sales in Rezidence Letna started!
Start: 2021-03-24T08:48:43.991498+00:00
End: 2023-12-31T23:59:59+0000
Location: Rezidence Letna

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Project info

Object ID: 11667

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	18
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Staroměstská 13 min Hradčanská 15 min Náměstí Republiky 18 min Invalidovna 19 min Můstek 19 min Národní třída 20 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

The Letna Residence is a renovated building from 1912 in Prague 7 - Bubenec. This house was designed by the builder Frantisek Schulz, whose initials are preserved above the entrance to the house. The facade of the house is formed by a symmetrical triaxial part, which forms a tower above the main entrance, which extends over a ledge. This created a very interesting project with geometric décor, both asymmetrical and symmetrical. The building with a very attractive and dynamic appearance is an interesting element in the existing development. The Prague Property Management project has a newly built lift.

Apartments:

The Letná residence house has a total of 18 residential units, in particular 17 apartments and one non-residential premises. The apartments have a layout of 1 + 1, 1 + kk - 3 + kk and a useful area from 37.8 m2 to 77.3 m2. They have balconies, cellars and are equipped with more than standard features.

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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