Modern residential complex located close to the third largest natural park in Prague

Contemporary living with park views

General Description

Modrany Heights is a modern residential complex located in the most attractive part of

Modøany, close to the third largest natural park in Prague. The greatest feature of this project

is the unique and sensitive merger of nature, functional architecture, great accessibility and

civic amenities.

Modrany Heights will be an example of attractive and safe living. The gated complex with

a secured entrance will consist of three independent 4 storey buildings offering a total of

120 apartments and a sufficient number of garage and parking places for residents of the

complex. Most of the apartments will have 2 bedrooms, but clients can also choose from 1

and 3 bedrooms; all will have open plan kitchens and balconies, and satisfy the demands and

requirements for modern day living. The architectural practice used for this project design

is the Loxia atelier.

Investment Overview:

· Great location within the Prague 4 suburb

· Adjacent 125 hectare nature reserve, which is part of a natural park, Modøanská rokle (Modrany Gorge)

· City centre accessible within a few minutes by car as well as by public transport, such as a tram, bus or train located at the nearby station

· Variety of shops and stores in the neighbourhood

· Opportunities for entertainment and sport activities

· Closed security system for residents, including camera system

· Buy to let opportunity with estimated yields of 6.0% - 7.0%

· Prices per sqm at 50,000 - 55,000 CZK

· 100% mortgage (leverage) available

· Limited number of buy-to-let units to prevent rental saturation

· Capital growth during the building cycle of 20%

· Apartments starting from 2,787,149 CZK, with low deposits of only 15%- exchange requirements start from 418,800 CZK (cca 15k EUR / 10.2k GBP)

· Bridging loans available (ie. no cash-down)