Sold Out - A new development in Prague 8 of 117 high quality designer apartments in Phase I and a further 63 units in Phase II. The development is located on a quiet residential one-way street which is 5 minutes walk from a metro station that brings you into the city centre in 12 minutes. The apartments are designed in a "Loft Duplex" style with 5.2m high ceilings and bedrooms upstairs. The specification of the apartments is above average for the Czech market and reflects Czech demands for higher quality well designed apartments, for example there are Kolo / Hans Grohe bathrooms and United Colors of Benetton tiles. Apartments from €85,400 / £57,500 with a 1-2 year rental option @ 5%. Finance available at 70-80% loan to value.

Development Summary

• Residential development of high quality designer apartments
• 5.2m floor-to-ceiling window with bedrooms upstairs
• Bathrooms by Kolo / Hans Grohe and tiles from United Colors of Benetton collection
• Located in established residential area close to city centre
• Excellent public transport (metro and tram within 5 min walk -12 min to city centre)
• Several new upmarket developments (apartments and houses) in the area
• New shopping centre, office blocks, etc. due to complete in 2-3 years
• Excellent capital appreciation potential (close proximity to city centre)
• Appeals to both the local rental and re-sale market
• Building to be constructed with high quality materials and finish

Deal Summary

• "Turn Key"  investment (legal, mortgage, kitchens, fittings, rentals, etc. all arranged)
• 1-2 year rental option @ 5%
• Mortgages arranged locally at 70-80% loan to value
• Kitchen and VAT included in price
• 1 Beds from €85,400 / £57,500
• 2 Beds from €150,700 / £101,400
• Swiss developer - high standard construction and fit out
• Off plan investment - to complete Q2 2008
• Low 15% deposit, balance on completion in Q2 2008
• No local capital gains tax if held for 5 years !