We are offering for sale an exceptional reconstructed apartment building in an attractive location in the center of Prague, on Žitná Street, in close proximity to Charles Square and Wenceslas Square.
The property consists of two separate buildings — a street-facing building and an inner block building. The property is currently 100% occupied by tenants and represents a stable investment opportunity with immediate returns.
In the street-facing building, there are two commercial units, two offices, and a total of 10 residential units with layouts ranging from 2+kk to 3+1. The inner block building is currently used as an office building.
The total current rentable area is 2,850 m².
A study has been prepared for the property, approved by the National Heritage Institute, which envisages the transformation of both buildings into purely residential use. According to this study, the total area will be increased to 3,560 m².
Main advantages of the property:
• Premium location in the center of Prague
• Very quiet and peaceful inner block
• Žitná Street, near Charles Square, Wenceslas Square, and I.P. Pavlova Square
• Building after reconstruction
• Land area of 1,417 m²
• Two buildings — street-facing and inner block
• 100% tenant occupancy
• Stable rental income
• Combination of apartments, commercial spaces, and offices
• Current rentable area of 2,850 m² and 10 parking spaces
• Approved study by the National Heritage Institute for purely residential use
• Future area of 3,560 m² (90 residential units) and 27 parking spaces
This is an extraordinary investment opportunity in one of the most sought-after parts of Prague, suitable both for long-term holding with rental income and for a future residential project with significant appreciation potential.
Further information including the economics of operation, lease agreements, and the study will be provided upon request.
