Une Splendeur Néo Renaissance Dans Le Quartier Thermal De Karlovy Vary

This prestigious property with significant investment potential, the listed Continental Spa House, was built in the late 19th century in the heart of Karlovy Vary’s spa district. Designed in the Neo-Renaissance style as a spa residence, this historic building comprises 13 residential units, 1 commercial unit, and an ornately decorated facade, forms part of a valuable heritage reservation. The subject of sale consists of all residential units representing a 70% share in the common areas of the building and the land.

Key investment criteria

• current gross floor area of the building according to the owner’s declaration: 1,168.9 m²


• current net floor area of the apartments according to the owner’s declaration: 993.6 m²


• potential net residential floor area: 1,020.95 m²


• listed cultural monument


• eligible for grant funding for the restoration of a cultural monument


• designated under the current zoning plan as a mixed-use residential and spa area (SL)


• the transaction is structured as a direct sale of the real estate (asset deal), comprising all 13 residential units on the 1st–5th floors


• prime location directly next to the Hot Spring Colonnade

Property description

• brick building dating from 1888–1889, currently awaiting renovation


• 1st–4th floors: 13 residential units, ranging from studio apartments to 3-bedroom apartments with a separate kitchen


• 5th floor: attic


• stone staircase in relatively good structural condition


• preserved elevator shaft


• original richly ornamented historic façade without external insulation


• connected to electricity, mains water and sewerage


• central heating can be installed

Location

Tržiště, one of the most prestigious addresses in Karlovy Vary, is situated directly next to the Hot Spring Colonnade and close to Theatre Square, where an underground funicular provides access to the elegant Hotel Imperial. The remarkable atmosphere of the Czech Republic’s best-known spa town is shaped by its historic architecture, world-class hotels, cafés, restaurants and spa facilities—all within easy walking distance. The city can also be admired from above, with the Diana Observation Tower and Goethe’s Lookout among the most popular destinations for spa guests and tourists. Also worthy of mention is the beautiful countryside of the Slavkov Forest, which surrounds the city and offers excellent opportunities for walking and active recreation.