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New Apartments For Sale in District 12 of Prague, the Czech Republic (off plan)
| Property Group | Residential | | Property Type | Apartment | | Built | 2009 | | Price | Euro 99,000
For Sale |
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| Location | Modranny Tulip - Pargue - District 12 | | Nearest City | Prague | | Bedrooms | 1 | | Bathrooms | 1 | | Living Rooms | 1 | | Kitchens | 1 | | Terraces | 1 |
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| |  | For further details contact
Gray Rider International Real Estate Partner
Listing Agent
Worldwide Network, NY
United States
Phone: 1-518-392-7062
Fax: 1-877-875-5704 |
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| City | | Gated Community | | Holiday Area | | Shopping nearby | | Schools nearby | | Balcony | | Microwave | | Spa/Jacuzzi | | Tinted Glass | | Alarm | |
Ref: Ceres-ModranyTulip
Modrany Tulip will be a gated complex comprising of 3 four-level townhouses offering a total of 120 units. Located next to the third largest park in Prague (a 125 hectare nature reserve), this project is expected to appeal to both the local rental and re-sale market. Other nearby facilities include the Tocna Aero Club, Zbraslav Castle, Velka Chuchle Racecourse and the Hodkovicky & Zbraslav Golf Courses.
The project is located in the developing residential district of Modrany, Prague 12, with excellent access to the city center via public transport (20 mins. by tram). At an average capital increase of 12% in 2006, Prague 12 is one of the fastest growing districts in the city. Anticipated rental yields for Modrany Tulip are 6.0% - 7.0%.
AFI Europe, the developer of Modrany Tulip, is one of the largest developers in Eastern Europe and past projects include the brewery-conversion project of 2006- Korunni Dvur (www.korunnidvur.cz), which was one of the most successful projects in 2006.
Apartments in Modrany Tulip start from 2,787,149 CZK (excl. VAT- cca 99k EUR / 68k GBP). Investors have the possibility to obtain 100% loan-to-value (LTV) and combining this with bridging loans for the exchange deposit, qualified investors have possibility to purchase a unit with ‘no cash-down’- making this a unique buy-to-let investment. Further information about bridging loans can be provided by your CERES consultant. Alternatively, with low deposits of only 15%- exchange requirements start from 418,800 CZK (cca 15k EUR / 10.2k GBP) to cover the first 15% installment, with the rest being covered by the mortgage release on the completion of the project in Q3 2009.
The international sales were launched in April, 2007 and prior to the launch of sales we offer investors the possibility to review all project information and determine as to whether they will be proceeding with selecting a unit(s) for purchase. Units for international sales (buy-to-let units) will be limited to prevent saturation of rental units on the completion of the project. The initial release of units for international sales is limited to 15 units.
Email for additional information. |
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