Restaurant for sale, 142m 2 Praha

GLJ Partners offers for sale a commercial unit with a total usable area of 142 m, located on the ground floor of the modern, high-end residential complex Central Park Praha in Žižkov, Prague 3. The unit is positioned right next to the main entrance to the residence and close to the reception. The premises underwent a complete renovation in 2020 and are currently operated as an established restaurant.
The space can also be used as an office, medical practice, clinic, or other commercial premises.
ID: GS130
Address: Central Park Praha, Prague 3 Žižkov
Area: 135 m + 6 m cellar + 90 m terrace + parking space
Availability: upon agreement
The restaurant was fully renovated in 2020. It offers new professional gastro equipment, modern ventilation/air handling, a stylish bar, new furniture, and two VIP private lounges. The property includes two spacious terraces facing a green inner courtyard, a cellar, and one parking space.
The restaurant premises are currently leased for a 5-year term with an attractive yield of 5.5%. The tenant is a company operating several other restaurants in Prague and has over 10 years of experience in the industry.
Exceptional location with minimal competition: the restaurant is part of a luxury residential complex with 550 apartments, surrounded by additional residential buildings. A new district is planned with capacity for up to 34,000 additional residents. There are no other large restaurants or cafés in the immediate vicinity.
The purchase price of the property, including built-in fixtures and equipment (ventilation, heating, fireplaces, projector, built-in furniture, etc.), is CZK 18,700,000 + VAT. It is also possible to acquire the company that owns the property for CZK 18.7 million. The property is encumbered by a loan, which can be repaid from the purchase price or transferred to the new owner.
Central Park Praha was completed in 2009 and offers a well-maintained, fenced complex with a landscaped private park of 15,000 m featuring a multifunctional sports area, childrens playground, a stream, and the restaurant (subject of sale). The complex provides 24/7 reception, security, and CCTV systems. Access is controlled via security chips.
The area offers full civic amenities including a kindergarten, restaurants, post office, polyclinic with pharmacy, sports center with gym and sauna, and Parukářka Park.
For more information and to arrange a viewing, please contact the real estate agent.