Apartment house in the centre of Prague (Prague 5). (MD6135902)
Important from Mondinion.com! Never pay any "deposit fee" or any other "fee" just to view a property! Any owner / agent who asks you to pay anything by Western Union / Money Gram should be immediately reported to us.
Four-story brick house. area 1027 sq. m. the house has 4 above-ground floors and 1 underground floor and attic floor, where you can build several of the attic apartments. Underground floor can be used for commercial purposes or to leave as a basement-owned apartments. The house is in average condition, in the recent past produced small renovation and installed a new roof in 2010. In 1994 was completely replaced by the electrician in the house and the apartments. All electrics - copper. Were partially replaced by water pipes with plastic. The total number of apartments in the house - 12. Total area of apartments - 977 sqm two - Bedroom-1 -, three - 6, four - 5. Two commercial facility. The total area commercial area - 49 sqm Small shop, office. There is the possibility of equipping the house with Elevator. The calculation of yield when the leasing object. The calculation is based on the market price of a property in the area. Utilities are transferred to the tenants, therefore the following amounts are net income. 1. One-bedroom apartment - 500 Euro per month. A total of 1 000 euros. 2. Two-bedroom apartment - 700 euros per month. Total 4 200 euros. 3. Three-bedroom apartment - 850 euros per month. Total 4 250 euros. 4. Commercial area - 550 euros per month. A total of 550 euros Total: 10,000 euros per month or 120,000 euros a year net income. Calculation of net profit and taxation. Tax on income of physical persons - 15 %. The tax on the sale of real estate - 4 % of the sale price. The total profit from the sale: 608 x 977 = 594 016 euros. The tax on the sale of real estate equal to the total sale value of the object(1 605 000 + 594 000) - 4 % = 87 960 Euro. The income tax = 15% of 594 000 = 89 100 euros. Net profit= 594 000 - 89 100 - 87 960 = 416 940 Euro. There is an opportunity to significantly reduce costs through the sale of apartments in a phased manner. The apartment house is located in Prague 5, which is called Smichov. Smichov center of the left Bank of Prague. The cost of the object 1 315 000 euros. The amount of investments. Project management (full transaction processing - repair facility - rent/lease) - 2.5% of property value - 32 875 euros. Repair work in apartments (including electrical, heating, painting, painting works, materials) - from 8 000 - 15 000 euros per apartment (depending on size of apartment). An average of 11 500 euros per apartment (defined in more detail for cost estimates). Repairs porch - an average of 2 000 euros to the floor. A lift shaft 80 000 euros on average (defined in more detail for cost estimates). Plumbing, finish kitchen - individually, as 50% of apartments are sold with a fine finish. Fixtures, design of staircase - individually the cost estimate. The facade of the house is about 30 000 euros. Total: 1 315 000 + 32 875 + 138 000 + 10 000 + 80 000 + 30 000 = 1 605 875 Euro.
This property is located in: PRG, Praag, Prag, Praga, Pragae, Prago, Prague, Praha, bragh, bu la ge, peulaha, prag, praga, prak, prg, puraha (Hlavni Mesto Praha, Czech Republic).
Neighborhood
Tourism 1 landmarks in the vicinity
Tourism
Hotel
Current filter contains 0 landmarks
Click on the icons to select or deselect a category...
FILTERS
Tourism
Lingfield Park Marri... Hotel ~ 0,428 km
Request More Details about this Property
Real Estate and Construction Corporation (Real Estate Agent) from United Kingdom