Old Town Residence

A unique opportunity to create a majestic residence in the very heart of Prague – in a historic building with a rooftop terrace offering a direct and uninterrupted view of the Hradčany panorama and other Prague landmarks. The continuously renovated and well-maintained property is located in the historic core of Prague, on a quiet side street near Bethlehem Square, the Smetana Embankment, and Charles Bridge.

Key investment highlights

• property at a prestigious address with potential for long-term value growth


• current leasable area: 414.84 m²
  
  
  
  • floor area of residential units: 247.18 m²
  
  
  • floor area of the non-residential unit (bar): 105.19 m²
  
  
  • terrace: 62.4 m²
  
  
  
  


• plot: 112 m², fully built-up


• the building has been continuously renovated


• sale of the property (asset deal).


• excellent transport accessibility.


• great civic amenities in the surrounding area.


• unique views of landmarks such as Prague Castle, the Church of Our Lady before Týn, the Old Town Bridge and Water Tower, or the Old Town Hall Tower.

Property description

• year of construction 1875


• extension built in 1930


• masonry structure


• 5 above-ground floors and 1 basement level


• 1 commercial unit (ground floor) and 4 residential units with a 1bdrm layout (1st–4th floors)


• rooftop terrace, a truly unique feature in the Old Town, offering privacy and uninterrupted views of Prague Castle


• decorative and well-maintained façade


• wooden casement windows facing the street, plastic-frame windows facing the courtyard


• window orientation: east, west, and south


• not listed as a cultural heritage monument


• individual heating


• AC in an apartment on the 3rd floor

Location

The property is located in the historic heart of Prague, mere steps from Charles Bridge, surrounded by numerous significant landmarks such as the Klementinum, Bethlehem Chapel, and the Prague Crossroads cultural venue. This prestigious address is also a vibrant part of the city’s urban life, with a wide range of cafés, restaurants, clubs, and shops, including shopping centers. Transport connections are excellent, with a tram stop just around the corner and metro stations (lines A and B) within walking distance.