Palata in Prague

Name: Sales in Palata started!
Start: 2021-03-24T12:57:04.381396+00:00
End: 2023-12-31T23:59:59+0000
Location: Palata

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Project info

Object ID: 11674

Finished at	December 2019
Price, m²	From 4565$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 79.00 m²
Floors	6
Apartments	24
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Anděl 15 min Malostranská 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

360,635$

Net profit

8,283$

Payback period

34.0 years

Avg property value increase per year

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About the project

The Palata development project was created on Holečková street in Prague 5, Smichov. An 8-storey residence with 25 apartments and 6 studios was built on the site of the old Dolni Palata manor. The new building is built to make the most of all the land, so there is also a garden here. The developer is Real-Treuhand Reality sro

The attractive life in Palata Residence is solved by residential units ranging from 24 to 173 m2 with layouts from 1 + kk to 4 + kk. Each apartment has a cellar, a garage, and some of the apartments have balconies. The house is insulated, inside the apartments there are plasterboard ceilings. Natural lacquered oak floors are available in light or dark colors. The hall, bathroom and hallway are equipped with large-format tiles from one of the well-known companies. Euro windows provide excellent insulation. Central heating is controlled by a thermostat.

Location:

A new project for living in Palata Residence was created in Prague 5 in Smichov. Its superb location will provide you with ideal civic amenities, so you have everything you need when you live in the countryside. It is just a two minute walk from the tram stop from where you can take tram lines 9, 10, 15 and 16 to the center of Prague. Schwand Theater is an 11-minute drive away and Cinema City is a 6-minute drive away. The Kinsky Gardens, part of Petřín, are a 12-minute walk away. Various sports facilities are within easy reach. For example, you can walk to Strakhov Stadium in less than a quarter of an hour. A six-minute tram ride takes you to the Albert supermarket at Anděl metro station. You can drive to Tesco Nový Smíchov in seven minutes. It is less than ten minutes by tram to the nearest clinic, as well as to the pharmacy. The primary school is 12 minutes away by tram from the house. You can reach the kindergarten in 15 minutes.

Developer

Real-Treuhand Reality s.r.o. is part of the real-estate holding company Real-Treuhand Management GmbH, which contains eleven specialised fir…
Details about Real-Treuhand Reality