Investment Opportunity in Czech Republic
Located on the best address in Hradec Kralove in Prazske Predmesti, Cloister Green is an open complex of lowrise residential houses set into a calm residential ambience surrounded by greenery.
Hradec Kralove lies roughly 100 km from Prague, making it close enough for convenient connection to the capital, but far enough away to preserve the feeling of "regional" life. In a survey conducted by the newspaper MF Dnes in 2004 the "Salon of the Republic", as the city of Hradec Králové was once known, was named the best place to live in the entire Czech Republic.
The project consists of 201 residential units in 11 residential houses. In a range of sizes from 1+kk to 4+kk with standard equipment. Each individual building is organized in a way to fulfill a broad range of your individual requirements from changing of the size and layout of flat to finishings. Each residential house will be equipped with a handicapped accessible elevator. A terrace belonging to all of the units is located on the second and the uppermost floors. Ground floor apartments enjoy the use of a communal front garden. Completion of the project is planned for 2010 to 2011. The advantage of this locality includes great transportation accessibility.
Currently there is a school, kindergarten, supermarket, doctor's offices, bus stop and gas station in the neighborhood. Cloister Green is perfect for those looking for a quality living surrounded by greenery while located in close proximity to the city centre
▪ 2nd Highest capital growth in 2007 in CZ, nearing 40% year-on-year
▪ Booming regional town in North East of CZ
▪ Rental Yields are expected to be at above 6%
▪ Excellent payment terms with only 15% at exchange
▪ Equity requirements as little as 252k CZK (cca 10k EUR / 8k GBP)
▪ Typical leverage (LTV) of 85%
▪ Expected growth of up to 30% in prices over build cycle
▪ Strong year round rental demand
▪ Rapidly developing area with record Foreign Direct Investment
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