Project of a residential complex on 11 floors with all permits in Karlovy V

Czech Republic, Prague Region, Praha - view exact location

Commercial Real Estate information

Terms of alienation: Simple sale

Owned Area Size: 16900 sq.m.

Description

"Czech Republic. Karlovy Vary. <\/br> A project of a residential complex of 16.900 sq.m. with all permits obtained from local authorities. In the project: residential and commercial premises. winter gardens. parking. office and other premises. Part of the building's facade has panoramic glazing. <\/br> The owner of the project is a citizen of Russia. <\/br> Payment is also possible in Russia or by agreement. A fairly loyal approach. <\/br> The project price is: 3.499.000 euros. <\/br> Owned a land plot with a total area of \u200b\u200b3700 sq.m .. in the resort area. There are buildings and all the infrastructure around. The project has a double building on 11 and 8 floors with a combined passage to the 7th floor. There is a two-level underground parking lot for one and a half hundred cars. <\/br> Project from a well-known Czech architectural company. <\/br> The project includes a construction price of 539 euros per sq.m. the entire area. Project construction costs: \u20ac 9.6 million. Cost of sq. meter of living space to start the sale - 1899 euros. <\/br> Cost of sq. meter com. area to start the sale: 2000 euros. <\/br> Parking cost: 14.999 euros. <\/br> Increase in price per sq.m. - 50 euros per quarter. <\/br> Construction is designed for two years. <\/br> Cash receipts (net) - 28.500.000 euros. <\/br> Cost (net) - 10.600.000 euros. <\/br> Profit after taxes (20%) - 8.450.000. euro <\/br> Internal rate of return (IRR) at a loan rate of 12 83.67%. <\/br> Near the future residential complex there is a kindergarten. school. gymnasium. the main city hospital. grocery supermarkets. furniture stores. plumbing and electronics stores. hunting and jewelry stores. wine collection. car dealerships. as well as walking areas. <\/br> The road by car to the city center from the residential complex will take 2-3 minutes. and to the airport - 10 minutes. <\/br> For this construction (there are electronic copies of all documents). permission to use land for the submitted project was obtained. af"