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Studio, 1 and 2-Bedroom Apartments in New Building in Prague, The Czech Republic (Off-Plan)
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| Property Group | Residential | | Property Type | Apartment | | Built | 2008 | | Waste System | Septic | | Parking for | 1 Car(s) | | Price | Euro 173,000
For Sale |
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| Location | Palmovka | | Nearest City | Prague | | Living area | 66.00 sq/m | | Bedrooms | 1 | | Bathrooms | 1.5 | | Living Rooms | 1 |
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REF: Ceres-Palmovka
Location: Na Zertvách, Palmovka, Prague 8
Nuber of apartments: 277
Apartment size: 28m2 - 145m2
Estimated completion: Early 2008
Situated in the upcoming area of Prague 8, units (excl. VAT) start from 1,100,000 CZK (cca 40k EUR / 28k GBP) with an expected 70-80% loan-to-value. Equity requirements are starting from as low as 261,800 CZK (cca 9k EUR / 7k GBP), making this an ideal first-time investment.
"PALMOVKA NUMBER ONE" (#One) is Prague’s answer to urban cosmopolitan living. Situated in one of the city’s most up and coming central neighbourhoods, #one turns residential living with retail convenience into a unique contemporary lifestyle concept.
Drawing inspiration from successful mixed use developments around Europe, #one combines chic retail spaces, leisure facilities and designer restaurants with airy light filled spaces, a large glass atrium and two central landscaped gardens around which the residence is built. The inspiration continues within the individual units which are open plan design with all conveniences and oversized windows to make the most of the sunny, green spaces. #One is set to become synonymous with tomorrow’s lifestyle, and be the most desirable residence for the modern professional in Prague.
The finishing and interior detail will be another element which will set #One apart, with various refined options, such as smart home capabilities, built-in wardrobes and custom designed kitchens. Residents will also have access via security enabled lifts to a designated residents’ car park floor situated on one of the two underground parking levels.
Another unique feature of #One is the clever use of two separate entrances on either side of the project. One entrance allows residents to enter their home via a tree lined avenue, 24-hour reception desk and central garden, whilst the other greets retail shoppers with a large pavilion style glass entrance, broad pavements and numerous cafés. A great deal of planning has gone in to ensuring that the vibrant dynamic retail environment is equally balanced with the tranquillity needed in an urban living space.
STANDARDS AND EQUIPMENT:
#One’s development standards have revolved around the needs of today’s professional. Apartments in the residence will comprise an inviting open plan layout with spacious living areas opening on to either a sunny garden or a modern balcony. Details throughout the reception and common areas will create a distinct level of sophistication.
Standard features will include central heating, parquet flooring, light colour scheme and designer fitted bathrooms. Customisation will also be available for the discerning buyer, which will cover options such as smart home capabilities, built-in wardrobes and made to measure designer kitchens.
living rooms are equipped with wooden floors
bathrooms, WC and entrance floors are tiled
Venetian stucco on white painted walls
bathrooms and WC with tiled walls
inner doors veneered with fine finish, ironmongery included
veneered entrance doors fire proofed and safety certificated
double glazed wooden windows
thermostatic central heating
electric towel rack in bathrooms
air conditioning optional (on top floor)
TV and phone connection in all living rooms
security video phone at the entrance door
kitchen not fitted out - all connections for installation
list of recommended suppliers with special offers
24 hour security and CCTV systems
chip card controlled access
underground parking for tenants
secure storage rooms
“Prague is endlessly fascinating and diverse, and a crossroad of cultures. It is a city of such physical beauty” - Homes Worldwide, January 2005
Since the fall of the Berlin wall, the Czech Republic, and especially its capital city Prague, has gained a status of a cosmopolitan hub and it is often regarded as the new Paris of old Europe. Its liberal lifestyle yet modern mind set has made it attractive for visitors from all four corners of the world.
Within the city of Prague, district 8 is one of the most up and coming areas, with comparisons often being drawn with successful dockland schemes throughout Europe. Prague 8 borders on the first district and is a natural extension of the bustling city centre. Currently there are massive urban redevelopment schemes throughout Prague 8 in the neighbouring suburbs of Karlin and Liben, with #one being the first large scale residential development in the suburb of Palmovka.
What makes #one unique is its prime location, with the development being built above the existing metro and bus stations. The benefits of this are obvious for working professionals with the historic centre being only 4 stations and 10 minutes away by metro. From the cosmopolitan perspective, not only will #one itself become a destination retail site, but a short stroll away will also be the Liben Docks retail centre with adjoining leisure facilities and waterfront parklands.
INVESTMENT OPPORTUNITY:
Buy-to-let (yield) investment
a maximum of 25% (70 units) of the development will be sold for buy to let purposes
expected gross rental yields of 6 to 8%
tailored kitchen & furniture packs included
full transaction services & legal fees included
property management arrangement in place
With the rising purchasing power of the young professionals, many of whom are employed with the large international corporations that have chosen Prague as their European headquarters, there is an increasing demand for modern living spaces.
#One is leading the way in defining urban living with its mixed use approach to blending both retail and residential.
Payment Terms
50,000 CZK (c. 1,250 GBP / 1,700 EUR) reservation fee
20% on exchange of contracts (60 days after reservation)
80% on completion / hand-over
Mortgage Terms
tailored buy-to-let mortgage product available specifically for #one
interest rate starting from 3.4% (1 year fix)
expected loan to value of 80%, inclusive of kitchen & fixtures
term of loan of up to 25 years
Please email for current prices and availability. |
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