Riviera Modrany in Prague

Name: Sales in Riviera Modrany started!
Start: 2021-03-25T11:56:12.343338+00:00
End: 2023-12-31T23:59:59+0000
Location: Riviera Modrany

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Project info

Object ID: 11690

Finished at	December 2021
Price, m²	From 4700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 55.00 m²
Floors	5
Apartments	279
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Commercial area 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

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

258,500$

Net profit

7,229$

Payback period

27.2 years

Avg property value increase per year

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Promos and discounts for Riviera Modrany

About the project

The residential complex Modřany Riviera is located on Voraržska Street in Modřany-Prague 12. The development company Sekyra Group is behind the project, which builds on the success of the first stage of residential construction in Modřany - BelariePark. The 5 low-energy, five-storey buildings offer housing in 279 housing units.

Location:

The Modřany Riviera residential complex is within walking distance of nature, whether it be the Modřany gorge or the nearby Berounka valley. However, the location also offers all the civic amenities, with many shops and services. At the same time, it is a place with excellent transport accessibility, just 275 meters from the hotel there is the Belárie tram stop. From here, you can reach Palackého náměstí in 14 minutes using metro line B.

Your children can attend Nad Belárií Kindergarten (1.7 km) and TG Masaryk Primary School (1.3 km). The general practitioner is located in the Prague Medical Center, just 180 meters from the residential complex. For general shopping, head to the Albert supermarket, 2.1 km away, or to Sofia Square, where the Modřany shopping center and Sofia shopping arcade are located.

Near the Riviera Modrana there are several sports facilities, such as the Modrany Freestyle Park (1.5 km) with mini golf and football, and 2.8 km from the Hodkovičky Golf Country Club. On the banks of the Vltava, just 1.5 km from the complex, there is Plavidel Prague Rental, where you can rent not only a boat, but also a motor boat without having a driver's license. The nearby Modrzanska Gorge is a great place for walking and cycling, scooters or boats.

For culture lovers, the Modřany Cinema (2.2 km) and the Hus Library in Modřany (1.7 km) offer their services. The Branicki Theater with a wide repertoire is just 5 km away.

Developer

Sekyra Group has been operating on the Czech real estate market since 1996, where it is one of the leading development companies in the resi…
Details about Sekyra Group