Studio Apartment - Property For Sale Prague, Czech Republic

Property Description

Apartment Properties for sale, Prague, Czech Republic. The Odeon Residence will comprise of 100 apartment properties, studio - 3 bedroom apartments. The ODEON residence project is an opportunity that should not be overlooked. A mixed-use development right in the centre of Most, this project is a first in the local residential market. The quality units will range from studios to 3 bedrooms at a very low 28,000 CZK p/sqm, promising to be a great buy-to-let investment.

Located just 77 km from Prague and in close proximity to the German border, Most boasts a population basin of 100,000 people. The town is living a buoyant economic revival thanks to well established mining & industrial activities, capital inflow from Germany as well as a developing high-tech manufacturing sector. The first 15 buyers benefit from a 5% discount and free kitchens (incl. appliances).

Prices range from CZK809,000 - CZK1,309,894. Please note, these prices do not include VAT.

Investment Overview

• Mixed-use scheme (retail/residential) coupling the first shopping center with high-end residential units
• Well-known joint-venture with Irish developer- Quinlan Private
• Regional town with high capital growth (15%) and rental potential (7%+).
• Selected international units are priced at 28,000 CZK p/sqm
• Units from as little as 810,000 CZK (20,250 GBP / 29,455 EUR)
• Low exchange deposits of only 15%, meaning equity requirements from 121,500 CZK (3,037 GBP / 4,418 EUR)
• Limited number of buy-to-let units to prevent rental saturation
• 85-100% mortgage financing available
• No local capital gains tax if held for 5 years
• Free kitchens and a 5% discount for the first 15 units

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