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
  
• option to extend lease agreements in the building to 10 years prior to the sale
  
• 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.