Development project on the border of Prague 6.

The development project is the construction of 6 residential buildings. Each house has 4 floors above the ground and one underground floor (garage). The total area of ​​apartments – 10 655 sq.m. The total commercial area is 559 sq.m. The total area of ​​terraces (included in the apartments) is 2 721 sq.m. The total area of ​​the balconies is 560 sq.m. The total number of parking spaces is 156. The total number of basements is 152. The total number of apartments is 137.
The economic balance of the project. Costs. Direct costs: Purchase price: CZK 210,000,000 (approximately EUR 8,100,000). Construction: 270 000 000 CZK (approximately EUR 10 400 000).
Indirect costs: Architectural project – 5 000 000 CZK (approximately 190 000 EUR). Engineering costs: 2 600 000 CZK (approximately 100 000 EUR). Construction supervision: 3 500 000 CZK (approximately 140 000 EUR). Insurance: 1 500 000 CZK (approximately 60 000 EUR). Occupational health and safety: 3 000 000 CZK (approximately 115 000 EUR). Marketing: 3 500 000 CZK (approximately 135 000 EUR). Others – variable costs (legal, audit, accountants): 5 000 000 CZK (approximately 190 000 EUR). Total: 19 430 000 euros.
The property is located in a quiet, quiet area of ​​Horomerice, Prague-West.
The cost of the object is 19 430 000 euros. Income (without VAT). 55 000 CZK + VAT per 1 sq.m. (including parking, cellars) = approximately 2,115 euros. 55 000 CZK x 10 665 sq.m. = 586,575,000 CZK (approximately 22,560,000 euros). Income: € 22,560,000 (income) – € 19,430,000 (expenditure) = € 3,130,000. Project implementation period: 1,5-2,5 years Investor / developer participation = 70% / 30% Investor participation includes project financing. Participation of the developer includes supervision, organization and implementation of the project. The documents are ready for the deal. Additional information is available upon request.