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Excellent Buy to let opportunity benefiting from close proximity to Brno and both high yields and capital growth.
Investment Overview
Excellent Buy to Let opportunity, benefiting from both high yields and
growth
Off plan investment to complete Q3 2008
Commuter town benefiting from the growth of Brno, with good public transport
connection to the city centre
Rental yields (gross, including parking) expectations up to 8.02%
Expected capital growth of 15 % per annum.
Average unit price (including parking, cellar, excl. VAT) of 1,900,000 CZK
LTV's expected up to 80% for nonresident purchasers.
No local capital gains tax if held for 5 years
Equity requirements starting at 225k CZK 7.9k EUR 5.3k GBP
Bridging loans available for exchange deposits (ie. no cash down).
Rajhrad is a commuter town with a history dating back to the 13th century. Located 5km from the city limits of Brno and 11km from the historic center, Rajhrad has excellent public transport links via train and bus connections.
Brno, the second largest city in the Czech Republic (population of 400,000), has been the focus of more buytolet investors in recent months with its combination of both high capital growth, coupled with strong yields. Brno is strategically located in the middle of three regional capitals Prague, Bratislava and Vienna. The city has recently won an award as Eastern Europes (Visegrad) European Cities and Regions of the Future 2006 2007 and has seen sustained economic growth of over 9% for the past decade.
The first phase of Development will comprise 4 buildings on 5 levels offering 135 apartments, with underground garages and some with retail spaces and offices as well; by the completion of the project there will be a total of 300 apartments, offering a wide range of sizes and layouts (from 47 m2 to 120 m2), and most of them will have a terrace, balcony or garden. Construction started in March this year with completion expected by the end of Q2 2008. Prices per m2 will range from 25,500 to 31,500 CZK and apartments will cost between 1,500,000 and 3,900,000 CZK (35,500 to 92,000 GBP; 52,500 to 137,000 EUR), including a parking space and cellar, excl. VAT.
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