Apartment house in Karlovy Vary

€ 3,500,000

Description

Commercial offer for investment in construction of residential complex "Double Triangle" , Karlovy vary, Czech Republic.
Cost: € 3.5 million.
The owner lives in Russia. The negotiations and the transaction can be both in Russia and abroad.
The General investor of the complex features of a land plot located at the street address Stara Kysibelska, in the immediate vicinity of the Spa zone of Karlovy vary, Czech Republic, 10 minutes walk from the Promenade, and the sources and Termal.
The developer owns the land plot with a total area of 3700 square meters, on which the planned construction of residential complex “Double Triangle“, is located on the street Stara Kysibelska 1.5 km from the centre of Karlovy vary. The site is located in the area of existing building. Residential complex "Double triangle"("Double Triangle" consists of two buildings with a variable number of storeys (8 and 11 floors), interconnected by a transition at the level of the 7th floor. Both buildings are located on a single stylobate (two underground floors), which is Parking on the 144 car. Development of design documentation is provided by the famous Czech architect Bureau "Bokota Bursik". Project documentation is performed in accordance with all local regulations and meets the fire safety requirements.
The total area of the residential complex:16.887,87 square meters Including technical , office , General use, etc. of premises and underground and surface Parking.
Living area for implementation: 10.399 square meters
Accommodations + pantry + winter gardens.
Commercial space for implementation: 491 sq m
The number of sold Parking spaces: 144.
The efficiency of use of land part
project: 85%.
Estimated cost of construction of 1 square feet: 540 Euros. Including technical , office , General use, etc. of premises and underground and surface Parking.
Total construction cost: 9.6 million Euros.
The proposed cost of square meter of living space (commencement of sales): 1900 Euros.
The proposed cost of square meters of commercial space (commencement of sales): 2000 Euro.
The proposed cost of a Parking space: 15,000 Euros.
Quarterly growth rates of residential and commercial areas: EUR 50.
Dates of construction: 24 months.
Duration: 30 months.
Need financing (CO), taking into account the cost of acquisition of the project: 7.300.000 Euros.
Net cash flows (NV)-28,5 million Euros.
Net present value (NPV) - 10.6 million Euros.
Fully the building project and construction permits obtained in October 2014.
In April 2012, work began on the replacement of all communications at the building site, which was completed in late 2013. In the spring of 2015 it is planned the construction of a retaining wall from the side of the building, with its completion, the project becomes completely independent from the city. In the spring of 2015 it is planned to start construction of one or two buildings and to complete the project in the 1st quarter of 2017.


Property details

Type of location
City center
Rooms count
350
Entrance type
From the street, From the yard
Year of construction
2017

Location

Karlovy Vary

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