Hostel in Prague 10

PROPERTY DISCRIPTION

• 25 Floors

• 10,370 m2 of NET Area

• Fully renovated in 2019

• Close to public transportation

• Great views and sunlight

We are offering for sale a Hostel located in Strašnice, Prague 10. One of the tallest buildings in Prague, the high-rise building has 25 stories above ground with approximately 14,500 sqm gross area, 440 rooms with a total net area of 10,370 m2 and 66 outdoor parking spaces. The first level is a lobby, recipient area, restaurant, kitchens and bathrooms, totaling 1,350 m2 retail space. Five Elevators and plenty of storage space. The property is in great condition. Complete renovation was done in 2018 for the structure, roof, mechanics and interior. Located a few minutes away from public transportation, sport facilities and parks.

There are 3 investments options for this offering: Acquire the property with the current tenant as a long-term income producing asset.

1. Acquire the property without the tenant and convert to Micro-Units for individuals’ sale at 45 000 000 EUR.

2. Acquire the property without the tenant and convert to Flexible service apartments as an income producing asset for long/short term leasing, young professional living or student /co-living.

3. Acquire the property with the current tenant as a long-term income producing asset.

If you would like to discuss this opportunity, please contact us.