Exclusive sale of a residential building listed as a civic amenity built in 1993 in the westernmost Czech town of Aš in the Karlovy Vary Region. The property with three floors is currently used as a hostel. The last renovation of the interiors took place in 2019. The total usable area of the building is 720 m2 and the total land area is 2041 m2. The house is partially underground. On the 1st floor (approx. 228 m2) there are 5 residential units of 1+1, 2+1, entrance to the terrace at the rear of the house, boiler room with gas boiler. Each apartment has hot water heating via its own boiler and is equipped with a kitchenette. The 2nd floor (approx. 230 m2) needs to be completed and there will be another 5 residential units of 1+1, 2+1 and 4+1. All project documentation is prepared and available. 3rd floor (approx. 262 m2) is approved as a guest house. There is a 4+1 apartment unit and additional separate rooms with bathrooms. The building is made with a brick construction system partially insulated with polystyrene 18 cm thick. The roof is gabled with asphalt shingles insulated with 20 cm thick mineral wool. The water source is through the water supply system and the sewerage system is public. Electricity distribution is in copper throughout the building. According to the PENB, the property is classified in energy class E. Parking is available in front of the accommodation and on the property. The hostel is in a quiet area of the town, close to the centre. Aš is a dynamically developing town, which offers full civic amenities and opportunities for sports and cultural activities. Buying this property can be an interesting investment for you. The gross annual return is over 14%, net annual return over 7% with a payback period of 7 years. For further information and a viewing please contact us.
