U Nového mlýna
Czech RepublicPraguePrague 13
New development
Build-to-Rent
Income Producing
Transportation
Adress:
K Barrandovu 1173/8, 152 00 Praha 5-Hlubočepy
Property Description
Caliber Associates has been retained to represent a unique opportunity to acquire a new Residential Development income producing. Located in Barrandov-Prague 5, New Build-to-Rent Development, top of the line technology. Five floors above ground & one floor below ground, 172 accommodation micro- units, 3 non-residential units, 42 indoor parking spaces and 17 outdoor parking spaces, and 10 cellars. Large lobby, garden and roof terrace for tenants. 100% lease ,This is a stellar investment opportunity for an institution/ investor looking for guaranteed stable returns in a great location with a lot of upsides.
Property Information
Land approx:
2,000 m2
Floors:
5+1
Gross area:
6,600 m2
Net units area:
4,950 m2
Balconies & Gardens:
373
No units:
172
Average unit size:
28.84 m2
Commercial spaces:
N/A
Commercial spaces area:
N/A
Parking spaces:
N/A
Property Highlights
- Option for operating and Leasing management.
- Monthly rent per unit 12,000-18,000 CZK
- 10 % Lease inflation increases within a year.
- All units are on a one-year lease term.
- Smart building & home technology.
- Kitchens, Closets & Furnitures included.
- New TRAM line station near the property
- Aquapark, Sport facilities & parks.
- Air heat pump, recuperation system & connection
to solar panels. - Amenities: Parking, Lobby, Garden & Roof terrace.
Request More Info
Timeline
Planning & Building permits:
2021
Start Construction:
2021
Building Envelope Completion:
2022
Start Common Areas & Units Fit-Outs:
2023
Construction & Fit-Out Completion:
2023
Final Completion & Kolaudace:
2023
Building Open & Leasing starts:
2023
100% Occupancy:
2024
Investment
Asking Price for share deal PURCHASE:
620,000,000 Kč
Annual Income PURCHASE:
31,986,000 Kč
Other Income PURCHASE:
0 Kč
Gross Income PURCHASE:
31,986,000 Kč
Total Anual Expenses (most expenses paid by tenants) PURCHASE:
1,206,000 Kč
*Transaction Fee:
1.5%
Revenue
| REVENUE | 1st YR | 3rd YR | Average 10 YR |
| Price / Rent Multiply | 19.38 | ||
| Yield | 5.16 % | 5.48 % | 5.93 % |
| Cap Rate | 4.96% | 5.35 % | 5.81 % |
| Return on Investment (60% LTV) | 4.35 % | 5.00 % | 5.73 % |
| Unit value per m2 | 118,855 Kč | 129,876 Kč | 140,341 Kč |
| Capital Gains | 5.20 % | 5.62 % | |
| Rent and CG profit | 10.20 % | 11.35 % | |
| Asset value | 638,600,000 Kč | 655,636,200 Kč | 833,228,000 Kč |
Price / Rent Multiply 1st YR:
19.38
Price / Rent Multiply 3rd YR:
N/A
Price / Rent Multiply Average 10 YR:
N/A
Yield 1st YR:
5.16%
Yield 3rd YR:
5.48%
Yield Average 10 YR:
5.93%
Cap Rate 1st YR:
4.96%
Cap Rate 3rd YR:
5.35%
Cap Rate Average 10 YR:
5.81%
Return on Investment (60% LTV) 1st YR:
4.35%
Return on Investment (60% LTV) 3rd YR:
5.00%
Return on Investment (60% LTV) Average 10 YR:
5.73%
Unit Value per m2 1st YR:
118,855 Kč
Unit Value per m2 3rd YR:
129,876 Kč
Unit Value per m2 Average 10 YR:
140,341 Kč
Capital Gains 1st YR:
N/A
Capital Gains 3rd YR:
5.20%
Capital Gains Average 10 YR:
5.62%
Rent and CG profit 1st YR:
N/A
Rent and CG profit 3rd YR:
10.20%
Rent and CG profit Average 10 YR:
11.35%
Asset value 1st YR:
638,600,000 Kč
Asset value 3rd YR:
655,636,200 Kč
Asset value Average 10 YR:
833,228,000 Kč
All above figures are estimated, it's the buyer's liability to conduct own evaluation.:
N/A
Rent Roll
| RENT ROLL | AMOUNT | SIZE | PER m2/mo | YR PROJECTED | TOTALS |
| Units- (167-1kk, 5-2 kk) | 172 | 4,950 | 490 Kč | 2,427,500 Kč | 2,427,500 Kč |
| Retail | 3 | 159 | 333 Kč | 53,000 Kč | 53,000 Kč |
| Parking Indoor | 43 | 1,060 | 3500 Kč | 147,000 Kč | 147,000 Kč |
| Parking Outdoor | 17 | 340 | 1,500 Kč | 25,500 Kč | 25,500 Kč |
| Cellars | 10 | 20 | 1,250 Kč | 12,500 Kč | 12,500 Kč |
| Monthly Total | 2,665,000 Kč | 2,665,000 Kč | |||
| Annual Total | 31,986,000 Kč | 31,986,000 Kč |
Units AMOUNT:
172
Units SIZE:
4,950
Units PER m2/mo:
490 Kč
Units YR PROJECTED:
2,427,500 Kč
Units TOTALS:
2,427,500 Kč
Retail AMOUNT:
3
Retail PER m2/mo:
333 Kč
Retail YR PROJECTED:
53,000 Kč
Retail TOTALS:
53,000 Kč
Parking Indoor AMOUNT:
N/A
Parking Indoor SIZE:
N/A
Parking Indoor PER m2/mo:
N/A
Parking Outdoor YR PROJECTED:
N/A
Parking Indoor TOTALS:
N/A
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:
N/A
Cellars SIZE:
N/A
Cellars PER m2/mo:
N/A
Cellars YR PROJECTED:
N/A
Cellars TOTALS:
N/A
Monthly Total AMOUNT:
N/A
Monthly Total SIZE:
N/A
Monthly Total PER m2/mo:
N/A
Monthly Total YR PROJECTED:
2,665,000 Kč
Monthly Total TOTALS:
2,665,000 Kč
Annual Total AMOUNT:
N/A
Annual total SIZE:
N/A
Annual Total PER m2/m0:
N/A
Annual Total YR PROJECTED:
31,986,000 Kč
Annual total TOTALS:
31,986,000 Kč
Download this listing in PDF