Full Description

Thanks to newly built cableways, ski lifts and cross-country trails, the town has become a top-quality sports and recreation destination and an ideal starting point for both skiers in winter and cyclists and hikers in summer. Additionally the thermal springs which were discovered in 1006, boast 29.6oC mineral water which is used year round for pools and baths as well as for the treatment of various ailments.

Located only 300 meters above the main ski lift, this project will offer 9 upscale appartments ideal for year long rental. The building is divided into three sections by the common staircases and is built in local style to blend in with the mountain lanscape and rugged terrain. Each unit includes a parking space and ample storage space for mountain equipment as well as modern fixtures and fittings (incl. floor heating in WCs), providing a high level of comfort for all. With the ability to ski down to the main cable car which links reaches the peak and with the city center only a short walk away, this project promises to be a success with all potential clients.

Investment Overview:

▪ Great location just above the ski lift
▪ Units starting from 2,102,000 CZK (cca 82k EUR / 64k GBP) (ex. VAT)
▪ Excellent payment terms with only 10% at exchange
▪ Equity requirements as little as 252k CZK (cca 10k EUR / 8k GBP)
▪ Typical leverage (LTV) of 85%
▪ Expected growth of 15 - 20% in prices over build cycle
▪ Strong year round rental demand in this famous spa town
▪ Rapidly developing area with recent investments in ski infrastructure