Petynka
Czech RepublicPraguePrague 06
New development
Build-to-Rent
Forward purchase
Emerging Area
Adress:
N/A
Property Description
“Restart Building” Petynka. is a new Multifamily Built-to-Rent development in Petynka, Prague 6. Steller opportunity to acquire from a reputable developer a Core property on a forward purchase/ forward funding Deal. The Petynka area attracts families, young professionals and students to live in a residential area with civic amenities, pool and recreation areas. The development consists of One building with 281 units, parking and cellars spaces. This is a great investment opportunity for an institution or private investor for a stable return in a great location with a lot of future rent upside and capital gains.
Property Information
Land approx:
-
Floors:
9+2
Gross area:
23,140 m2
Net units area:
14,429 m2
Balconies & Gardens:
N/A
No units:
281
Average unit size:
51 m2
Commercial spaces:
2,464 m2
Commercial spaces area:
N/A
Parking spaces:
260
Property Highlights
Establish residential area
Reputable developer
Pool and recreation areas
Close to public transportation
Close to universities
Request More Info
Timeline
Planning & Building permits:
Q4 2024
Start Construction:
Q4 2024
Building Envelope Completion:
Q2 2026
Start Common Areas & Units Fit-Outs:
Q2 2026
Construction & Fit-Out Completion:
Q4 2027
Final Completion & Kolaudace:
Q2 2027
Building Open & Leasing starts:
Q2 2027
100% Occupancy:
Q4 2027
Investment
Asking Price for share deal PURCHASE:
2,500,000,000 Kč
Annual Income PURCHASE:
129,187,800 Kč
Other Income PURCHASE:
0 Kč
Gross Income PURCHASE:
N/A
Total Anual Expenses (most expenses paid by tenants) PURCHASE:
16,794,414 Kč
*Transaction Fee:
1,5%
Revenue
Price / Rent Multiply 1st YR:
19,35
Price / Rent Multiply 3rd YR:
N/A
Price / Rent Multiply Average 10 YR:
N/A
Yield 1st YR:
5,17%
Yield 3rd YR:
5,49%
Yield Average 10 YR:
5,94%
Cap Rate 1st YR:
4,50%
Cap Rate 3rd YR:
4,80%
Cap Rate Average 10 YR:
5,23%
Return on Investment (60% LTV) 1st YR:
2,90%
Return on Investment (60% LTV) 3rd YR:
3,49%
Return on Investment (60% LTV) Average 10 YR:
4,33%
Unit Value per m2 1st YR:
143,961 Kč
Unit Value per m2 3rd YR:
157,310 Kč
Unit Value per m2 Average 10 YR:
169,986 Kč
Capital Gains 1st YR:
N/A
Capital Gains 3rd YR:
6,18%
Capital Gains Average 10 YR:
6,68%
Rent and CG profit 1st YR:
N/A
Rent and CG profit 3rd YR:
9,67%
Rent and CG profit Average 10 YR:
11,00%
Asset value 1st YR:
2,575,000,000 Kč
Asset value 3rd YR:
2,731,817,500 Kč
Asset value Average 10 YR:
3,359,790,958 Kč
All above figures are estimated, it's the buyer's liability to conduct own evaluation.:
N/A
Rent Roll
Units AMOUNT:
281
Units SIZE:
14,429
Units PER m2/mo:
650 Kč
Units YR PROJECTED:
9,378,850 Kč
Units TOTALS:
9,378,850 Kč
Retail AMOUNT:
1
Retail PER m2/mo:
350 Kč
Retail YR PROJECTED:
384,300 Kč
Retail TOTALS:
384,300 Kč
Parking Indoor AMOUNT:
260
Parking Indoor SIZE:
-
Parking Indoor PER m2/mo:
2,500 Kč
Parking Outdoor YR PROJECTED:
N/A
Parking Indoor TOTALS:
650,000 Kč
Parking Outdoor AMOUNT:
N/A
Parking Outdoor SIZE:
N/A
Parking Outdoor PER m2/mo:
N/A
Parking Outdoor YR PROJECTED:
N/A
Parking Outdoor TOTALS:
N/A
Cellars AMOUNT:
282
Cellars SIZE:
1,008
Cellars PER m2/mo:
1,250 Kč
Cellars YR PROJECTED:
352,500 Kč
Cellars TOTALS:
352,500 Kč
Monthly Total AMOUNT:
N/A
Monthly Total SIZE:
N/A
Monthly Total PER m2/mo:
N/A
Monthly Total YR PROJECTED:
10,765,650 Kč
Monthly Total TOTALS:
10,765,650 Kč
Annual Total AMOUNT:
N/A
Annual total SIZE:
N/A
Annual Total PER m2/m0:
N/A
Annual Total YR PROJECTED:
129,187,800 Kč
Annual total TOTALS:
129,187,800 Kč