Acting under an exclusive mandate from the owner, we are pleased to present an exceptional investment opportunity in the very heart of historic Prague. The historic residential building “U sklepa sv. Jana”, dating back to the turn of the 17th and 18th centuries, is located on the prestigious Nerudova Street, directly below Prague Castle. The property also features a unique rooftop terrace offering panoramic views of Prague's historic centre, Petřín Hill, and Prague Castle.
Property Condition
* Property requires complete renovation.
* A valid building permit has been issued for redevelopment into:14 residential units, 2 commercial units, restaurant with supporting facilities, 3 office units
* Suitable for redevelopment into a hotel with restaurant facilities or serviced apartments for short-term rentals
* Existing project documentation prepared for a hotel operation with a capacity of 21 rooms / 39 beds
* Two internal courtyards
* Zoned as OV (Mixed Residential Use)
* Extensive cellar spaces with original vaulted ceilings
* Listed as a protected cultural heritage monument since 1958
* Built in 1698 by wine merchant Jáchym Dimpf. The building was conceived as a high-standard Baroque residence, distinguished by exceptional craftsmanship and construction quality for its time.
Location
The property is situated on Nerudova Street in Prague's Malá Strana district, one of the most picturesque and sought-after areas of the city's historic centre. The street forms part of the former Royal Route leading to Prague Castle and is renowned for its unique atmosphere, historic architecture, and beautifully preserved townhouses and palaces. The Malostranské náměstí tram stop is just a few minutes' walk away.
In the immediate vicinity are some of Prague's most iconic landmarks, including Prague Castle, Charles Bridge, and the Petřín Gardens, together with numerous cafés, restaurants, and cultural attractions. The location offers outstanding accessibility, strong tourism appeal, and a unique historic character that makes it one of the most prestigious addresses in Prague.
This is a rare opportunity to acquire a landmark heritage property with substantial development potential in one of the most desirable and prestigious locations in Central Europe.
