Commercial properties for sale 761 m²

Sale of investment property in the centre of Breclav with the potential for expansion of apartments in the attic. The commercial house of 3 above-ground floors is situated in the very centre of the city next to the river Dyje. According to flood maps, it's zone 1 with negligible danger. The real estate is fully occupied in the long term and generates a stable return with a diversified mix of tenants from services, administration and retail. Investment parameters: • purchase price: 22 000 000 Kč • annual net income: ca. 1 000 000 Kč • yield: ca. 4.5-5% p.a. • occupancy: 100% • stable cashflow from multiple rental units • additional income from advertising areas (billboards) Property description: Commercial object with three above-ground floors with partial underpanes. • 1NP: 238,51 m² • 2NP: 224,11 m² • attic: 229,19 m² • cellar: about 69,96 m² • utility area: 761,77 m² • built-up area: 327,28 m² Lease structure: Real estate is occupied by a stable range of tenants. • services (hairdressers, cosmetics, massages, tattoo studios) • offices • shop • beer bar Land and parking: The sale includes a court of area 369 m², currently used as an outdoor seating of a beer bar. Potential: • Building parking spaces for residential units • Increasing attractiveness for residential use Technical condition: • Roof after partial reconstruction (replacement of roofing) • Interiors: partly after reconstruction, part of the space for modernization • The building allows gradual optimization without the need for immediate high investment Investment potential: • Soil space (229 m²) - Building of residential units • The possibility of increasing rent after reconstruction of part of the space • Further monetization of the yard (parking / development) • Increase value thanks to attractive location For more information, economic overview and rental structure contact me.