Property of the Month: U Vizerky, Prague 6-Dejvice, Czech Republic

13 March 2013

Project: U Vizerky
City: Prague 6 – Dejvice
Total Area: 10 445 m2
Plot: 35 000 m2

Svoboda & Williams has been retained to oversee the sale of a property in Prague 6 – Dejvice. The property is an asset deal/freehold consisting of approximately 3.5 hectares of land and 12 standing buildings which are currently being used as a hotel, student lodging, administrative buildings and private housing. The entire property is located in the beautiful natural surroundings of the Šárka Valley Natural Reserve. The buildings were completely reconstructed under the supervision of the Czech Historical Commission, and were completed in 1997. The current owner wishes to remain at the property until the end of the 2nd quarter of 2014, and is open to negotiating a leaseback period accordingly. Realizable passing income of the property is an annual EUR 560,000. Just minutes to Vaclav Havel International Airport and with easy access to and from Prague (via the metro A line extension from the new Bořislavka station). Potential functions include, but are not limited to: staff housing, educational or cultural facilities, health or social care center, or medical facilities.

For further information on this property contact:
Richard Meier
Investment Sales
SVOBODA & WILLIAMS
(+420) 257 328 281

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