The Launch and Upcoming Sale of Three New Residential Projects

We would like to take this opportunity to announce the launch and upcoming sale of three (3) new residential projects:

 

Nad Rokytkou- Prague, Czech Republic  (SALES LAUNCHED)

Riverside Vrchlabi- Vrchlabi, Czech Republic  (UPCOMING – 01st November 2007)

Odeon Residence- Most, Czech Republic  (UPCOMING – 22nd November 2007)

 

Prices of complex

Nad Rokytkou will be a complex comprising of 3 phases of 630 units. Well located in the up & coming area of Vysocany, Prague 9, this project is expected to generate a great deal of interest both locally and internationally with prices ranging from 37,000 - 55,000 CZK per sqm and units starting from circa 2,188,000 CZK (54,700k GBP/ 79,565k EUR ).

 

In addition to this, the project offers extremely attractive payment terms, with only 10% on exchange and the rest on completion- with the 3 subsequent phases expected to be Q2-08; Q2-09; Q3-09.

 

Capital growth for the area of Vysocany is currently sitting around 12-14% per annum and gross yields are expected to hit 6%. We have preselected the best buy-to-let units in the project and investors can now benefit from a “first-mover” advantage, with an additional two phases of the project planned for construction in additional to the three currently on sale.

 

In light of the strong demand for these units we encourage investors to contact their CERES consultant to secure their selected units.

 

Excellent payment terms

One of our first holiday projects of the year is Riverside Vrchlabi, a luxury design-oriented scheme of very high specification- offering standards not yet common in the region, including security parking, a laundry room, ski storage, sauna, gym and café bar for the use of residents.

 

A total of 55 units, this boutique development will be targeting the growing holiday market in the Krkonose Mountains.

 

Only 15 units have been allocated for international sales and a pre-sale discount of 5% is being offered on these initial units.  Prices range from 45,600 - 50,000 CZK per sqm, with units starting from circa 1,390,600 CZK (34,765 GBP / 50,560 EUR) and increases over the duration of the build cycle are expected to be 15-20%.

 

In addition to excellent payment terms with low deposit on exchange, the developer is currently in negotiations with a potential short-term operator to sign a 5 yr. lease on the premises, which means that owners will have the added benefit of being able to make use of the property during their holidays as well.

 

Finally, Odeon Residence, which will be a mixed-use scheme (retail/residential) coupling the first shopping center with high-end residential units in the regional town of Most.

 

Irish investor Quinlan Private have taken a position in the project and units will be offered to the international market as of the 22nd of November. Prices range from 28,000 - 41,000 CZK p/sqm and units from as little as 810,000 CZK (20,250 GBP / 29,455 EUR).

 

Payment terms of only 15% on exchange up to 100% financing available. With Free Kitchens (incl. appliances) and an 5% pre-sale discount for the first 15 units, these apartments are well positioned for pure investment transactions.  

 

More information

To view alternate investment opportunities, please visit our website - www.praguerealestate.cz.