This elegant, heritage-protected building with a leveraged yield of 5.52% p.a. is situated in a prestigious location on Prague’s high street, in close proximity to Old Town Square and Republic Square.
Key investment criteria
Key investment criteria
- building located on a high street, meaning a main retail thoroughfare with a high concentration of shops and services and strong pedestrian footfall
- leveraged yield: 5.52% p.a. (option to assume an existing loan of CZK 110 million with an interest rate of 2.06% p.a.)
- gross yield: 4.56% p.a.
- All units are long-term leased and generate stable rental income.
- total net lettable area: 839.8 m² (excluding the attic of 190.8 m2)
- prestigious location near Ovocný trh
- excellent public transport accessibility (metro and trams)
- full civic amenities nearby
- asset deal
Property description
- residential and office units renovated in 2016
- retail units, facade, common areas and roof renovated in 2026
- originally a medieval building, with a current Baroque façade dating to around 1725
- divided into a main building, rear wing with a gallery walkway, and a stairwell
- top floor added at the end of the 18th century
- facade features a Madonna and Child sculpture by the workshop of M.B. Braun
- current layout: 12 units
- residential units: 5
- retail units: 3
- office units: 4
- residential spaces are suitable for long-term rentals to end-users as well as short-term rental operators
- land area: 272 m²
- new elevator installed in 2026
- no on-site parking
- heating: gas
Location
The building is located within a heritage conservation area and is surrounded by numerous historic landmarks, including Ungelt, the Church of Our Lady before Týn, and the Powder Tower. The area offers a wide range of cafés, restaurants, clubs, and shops, including the Palladium shopping center with underground parking. Museums, galleries, and theatres are also nearby. A metro station and tram stop are located only approximately 250 metres from the building.
Facilities
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Elevator