Apartment building for sale 539 m², land 334 m²

Real estate agent and property manager Radek Vavrina The exclusive representative of the owner offers you an offer to sell the apartment house in the centre of the spa town Teplice, in ul. Revolutionary 864. It is a very well-preserved brick building with four above-ground floors, which is partially understacked. There are 8 apartments in the building registered in the CN (total 429 m2 of the residential area) and the building includes a landscaped plot (160m2). The building is connected to all engineering networks. The house has 8 residential units, each with its own gas condensation / turbo boiler, used for heating and heating TUV. Electricity and gas are run by tenants who are stable and long-term in the house. All contracts shall be for a fixed period ending in 2026 or during 2027. Apartment 1 (1. NP 3+kk 52,0 m2): The unit has undergone a complete reconstruction this year and a major advantage is the direct entry from the room to its own terrace 17m2. - Apartment 2 (1. NP 2+kk 39,2 m2): This apartment also has direct access to the second private terrace 30m2. - Apartment 3 (2. NP 3+kk 60,0 m2): - Apartment 4 (2. NP 2+kk 44,2 m2): - Apartment 5 (3. NP 3+kk 66,5 m2): - Apartment 6 (3. NP 2+kk 46,5 m2): - Apartment 7 (4. NP 3+kk 69,7 m2): The largest apartment unit - Apartment 8 4. NP 2+kk 50,6 m2: In the intermediate floors there are available chambers for tenants where gas boilers are located. The basement of the house (partially covered with two dry rooms) is not available to tenants. All rental contracts in the house are closed for a fixed period, which is an ideal opportunity for the new owner to optimize the revenues. The current net lease generates a stable monthly income of around 60 000 Kč, but this amount is below the market average given the historical setting-up of contracts.

In view of the approaching end of the current contractual periods, there is a huge potential to adjust the rent to the current market level, which ranges from 190 to 220 Kč per square metre in Teplice for similar flats. By gradually updating the contracts, the monthly net return can be increased very quickly and continuously to 90 000 Kč, representing an annual gross income exceeding 1 080 000 Kč, or an interesting annual return of 6,63%. The property belongs to a uniquely divided plot, which is accessible only from the building and offers excellent development potential of overall size 160m2. The lower level of land is directly accessible from two ground flats (47m2) which use it as private gardens, which significantly increases their attractiveness and market value. The land has two levels and the elevated part (113m2) could in future be elegantly accessible by building a bridge directly from the common corridor on the first floor of the house, creating a common relaxation zone for residents of all other apartments. From an investment point of view, the biggest advantage is that there was another building on this property in the past. Thanks to this, there is a real opportunity to implement the extension to obtain additional valuable rental space, which will further increase the total value of the whole property in a step. Project documentation from the complete reconstruction of 2008, technical reports and other materials for the property are available for future owners. More info on a separate property website. The owner reserves the right to sell the property to the most advantageous offer. All published data are purely informative and are not an offer within the meaning of § 1731 or § 1732 of the Civil Code, nor is it a public promise under § 1733 of the Civil Code. For this property you have prepared detailed information for: https://www.3pb.cz/revolucni