Full Description

Contemporary living with park views, great location and easy access to the city centre. Country: Czech Republic Location: Musilkova Street, Prague 5, Kosire Number of apartments: 36 Apartment size: 36m2 - 121m2 Estimated completion: Q4 2007 • Great location next to park with easy access to the city centre • Contemporary design with excellent views from upper floors • Bridging loans available (ie. no cash-down). Conveniently located just off the main road that leads to Pilsen, Musilkova Residence will emerge from the reconstruction of a former factory in the eponymous street in Kosire, Prague 5. When completed it will comprise 36 luxury apartments ranging in size from 36 m? studios to 122 m? three bedroom units, all with open plan kitchens and balconies or terraces. There will be 2 levels of underground garages and 5 stories of apartments. The development, which will be bound on three sides by Musilkova and on the fourth by another street, Tumova, is surrounded by a mixture of villas, semi detached and town houses and faces a park with a small castle; further along the street there is also is a small grassed square. Walk down the road for about 200 metres onto Plzenska and you will find many trams that in a few minutes will wisk you into the Novy Andel and Smichov shopping centres, which offer hundreds of shops, supermarkets (including Tesco), restaurants and multiplex cinemas, as well as the Andel metro station. In the other direction it is possible to reach the Zlicin shopping centre and Ruzyne (Prague) airport in 10 minutes. Investment Overview. Great location next to park with easy access to the city centre or shopping centres. Contemporary design with excellent views from upper floors. Buy to let opportunity with prices starting from 53,000 CZK per sqm Apartment prices from 1,358,000 CZK Expected LTVs of 80%, with equity requirements starting at 271,000 CZK/ 9,500 EUR / 6,400 GBP Bridging loans available (ie. no cash-down) Good quality standards- wooden floors, wooden windows, secure underground parking Closed security system for residents, including camera system in the building and electronic entry for apartments