Prague, Prague, Czech Republic
Offers in Region of
£10,250,000
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
11
- SIZE
15 sq ft
1 sq m
Key features
- Rare heritage investment property in Prague 1 - Malá Strana
- Approx. 1,406 sq m of total internal floor area
- 11 existing residential units plus ground-floor restaurant
- Architectural redevelopment study for up to 28 units
- Prime Maltese Square location, moments from Charles Bridge
- Historic mixed-use building within Prague's UNESCO-listed centre
- Separate courtyard residence with approx. 35 sq m terrace
- Exceptional long-term residential and investment potential
Description
*Rare Heritage Investment Property on Maltese Square, Prague 1*
An exceptional opportunity to acquire an entire historic residential and mixed-use property in one of Prague's most prestigious and tightly held locations.
The property, traditionally known as U Bílého Pelikána - The House of the White Pelican, occupies a prominent position on Maltese Square in the heart of Malá Strana, Prague 1. Charles Bridge, Kampa Island, the Vltava riverfront and many of Prague's most important historic landmarks are all within easy walking distance.
The building forms part of Prague's UNESCO-listed historic centre and is protected as a Czech cultural monument. Its origins extend back several centuries, with Renaissance foundations and later architectural development giving the property a character that would be impossible to reproduce in a modern scheme.
The property offers approximately 1,406 sq m of total internal floor area across the main building and a separate courtyard residence.
The main building currently comprises 10 residential units together with a ground-floor restaurant and associated basement premises. A further self-contained residential unit is situated within the courtyard building, bringing the existing residential accommodation to 11 units in total.
The separate courtyard residence provides approximately 129.5 sq m of accommodation together with a private terrace of approximately 35 sq m. The property also includes substantial basement and cellar areas.
One of the principal investment benefits is the existing architectural study prepared for a comprehensive revitalisation of the property. The concept envisages the creation of 28 units in total, comprising 24 residential units and 4 accommodation units, subject to all necessary planning, heritage and administrative approvals.
This provides a prospective purchaser with considerable flexibility in determining the future use and positioning of the property, whether as a premium residential investment, serviced accommodation concept or a combination of residential and commercial uses.
*An Irreplaceable Prague Location*
Maltese Square lies within the historic district of Malá Strana - Prague's Lesser Town, beneath Prague Castle and immediately adjacent to some of the city's most celebrated streets, gardens and architectural landmarks.
Despite its position in the very centre of Prague, the surrounding neighbourhood retains an intimate and highly distinctive character. Historic palaces, embassies, restaurants, cultural institutions and private residences define the immediate surroundings.
Charles Bridge and Kampa Island are only a short walk from the property, while Prague Castle, Malostranské Square, the Church of St Nicholas and the historic Old Town on the opposite bank of the Vltava are all easily accessible on foot.
The combination of location, architectural heritage, scale and redevelopment potential makes this a particularly rare investment opportunity within the prime Prague property market.
Investment Highlights
* Approx. 1,406 sq m total internal floor area
* 11 existing residential units
* Ground-floor restaurant with associated premises
* Separate courtyard residence
* Approx. 35 sq m private terrace
* Basement and cellar accommodation
* Architectural redevelopment study for 28 units
* Cultural monument within Prague's UNESCO-listed historic centre
* Prime Prague 1 - Malá Strana location
* Minutes from Charles Bridge and Kampa Island
* Asking price: CZK 289.000.000 - indicative
The asking price serves as a guide for negotiations. Further documentation, including information relating to the existing building and architectural redevelopment concept, is available to serious prospective purchasers upon request.
An exceptional opportunity to acquire an entire historic residential and mixed-use property in one of Prague's most prestigious and tightly held locations.
The property, traditionally known as U Bílého Pelikána - The House of the White Pelican, occupies a prominent position on Maltese Square in the heart of Malá Strana, Prague 1. Charles Bridge, Kampa Island, the Vltava riverfront and many of Prague's most important historic landmarks are all within easy walking distance.
The building forms part of Prague's UNESCO-listed historic centre and is protected as a Czech cultural monument. Its origins extend back several centuries, with Renaissance foundations and later architectural development giving the property a character that would be impossible to reproduce in a modern scheme.
The property offers approximately 1,406 sq m of total internal floor area across the main building and a separate courtyard residence.
The main building currently comprises 10 residential units together with a ground-floor restaurant and associated basement premises. A further self-contained residential unit is situated within the courtyard building, bringing the existing residential accommodation to 11 units in total.
The separate courtyard residence provides approximately 129.5 sq m of accommodation together with a private terrace of approximately 35 sq m. The property also includes substantial basement and cellar areas.
One of the principal investment benefits is the existing architectural study prepared for a comprehensive revitalisation of the property. The concept envisages the creation of 28 units in total, comprising 24 residential units and 4 accommodation units, subject to all necessary planning, heritage and administrative approvals.
This provides a prospective purchaser with considerable flexibility in determining the future use and positioning of the property, whether as a premium residential investment, serviced accommodation concept or a combination of residential and commercial uses.
*An Irreplaceable Prague Location*
Maltese Square lies within the historic district of Malá Strana - Prague's Lesser Town, beneath Prague Castle and immediately adjacent to some of the city's most celebrated streets, gardens and architectural landmarks.
Despite its position in the very centre of Prague, the surrounding neighbourhood retains an intimate and highly distinctive character. Historic palaces, embassies, restaurants, cultural institutions and private residences define the immediate surroundings.
Charles Bridge and Kampa Island are only a short walk from the property, while Prague Castle, Malostranské Square, the Church of St Nicholas and the historic Old Town on the opposite bank of the Vltava are all easily accessible on foot.
The combination of location, architectural heritage, scale and redevelopment potential makes this a particularly rare investment opportunity within the prime Prague property market.
Investment Highlights
* Approx. 1,406 sq m total internal floor area
* 11 existing residential units
* Ground-floor restaurant with associated premises
* Separate courtyard residence
* Approx. 35 sq m private terrace
* Basement and cellar accommodation
* Architectural redevelopment study for 28 units
* Cultural monument within Prague's UNESCO-listed historic centre
* Prime Prague 1 - Malá Strana location
* Minutes from Charles Bridge and Kampa Island
* Asking price: CZK 289.000.000 - indicative
The asking price serves as a guide for negotiations. Further documentation, including information relating to the existing building and architectural redevelopment concept, is available to serious prospective purchasers upon request.
Prague, Prague, Czech Republic
NEAREST AIRPORTS
Distances are straight line measurements- Praha (Ruzyné)(International)5.5 miles
Notes
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