Apartment for sale · 3+1 · 85 m²

We offer for sale a 3.5+1 apartment on the 5th floor of a brick building with an elevator, with an area of 95 m2 in personal ownership. The apartment was modified for maximum space utilization for renting by rooms. The apartment windows face west and east, and the Špilberk castle is visible from the apartment. The building, street, and the entire block of houses are trouble-free.
Apartment layout: room I. 21.68 m2, room II. 21.89 m2, room III. 12.54 m2, kitchen 16.16 m2, maid's room/storage 6.2 m2, bathroom 4.08 m2, WC 1.16 m2, storage 1.34 m2, cellar 10 m2, and balcony 1.54 m2.
Under the new linoleum are original preserved parquet floors; the bathroom and one room have tiles. Heating is provided by central gas heating, new Baxi boiler, designer heating grilles, and copper piping, installed in 2023. The building underwent a general reconstruction in 2011, featuring plastic windows and insulated facade, a new elevator, all engineering networks replaced, and the apartment includes a cellar of 10 m2. The homeowners' association rents a transmitter to a mobile operator, generating an annual income of approximately 70,000 Kč, which covers most operating costs and maintenance funds, so the monthly operating costs for the apartment are very low, making it an interesting investment. No repairs or investments are planned. The Špitálka area was considered a problematic location 10 years ago, but now it is a promising investment near the city center.
Opposite the block of houses where the apartment is located, a promenade along the Ponávka river will be built, creating a unique open space. The building offers convenient parking because there is an undeveloped area opposite the building where the Ponávka river will be uncovered near the Brno heating plant. The building is within walking distance to the newly built premium office center Vlněna, the main train station, and Malinovského Square.
Due to its location and layout, the apartment is suitable both for comfortable own living and as an excellent investment primarily for rentals. The apartment is currently rented with an annual yield of 5.3%.