Apartments for sale in Vysocany . L'Ocelot distinguishes itself by the innovative architecture which respects the steel tradition of the famous Czech-Moravian machine-work enterprise that had a considerable effect on the area.
Description : We would like to take this opportunity to announce the launch of our new project- L'Ocelot Apartments. Situated in the neighbourhood of Vysocany and located 8 minutes from the historic center of Prague- this is an ideal investment product with the area experiencing a 14% gain in capital growth over the last 10 months.* In addition, unlike most mid-market projects, L'Ocelot distinguishes itself by the innovative architecture which respects the steel tradition of the famous Czech-Moravian machine-work enterprise that had a considerable effect on the area. Pre-sales are set to begin on Wednesday, 22th November 2006 and will be limited to a maximum of 15 units (of the 59 in total) to ensure the project is not saturated with buy-to-let units and subsequently increase the rentability of the units sold for this purpose. The type of units open for selection will not be restricted and investors will be allowed to select from the complete list of all 59 units. For these first 15 units, we have agreed with the developer to offer them at a price range of as little as 32,000 CZK p/sqm and up to 52,000 CZK p/sqm. Initial valuations of the project place loan-to-value (LTV) ratios at 70-80%, meaning that equity requirements are as low as 335,000 CZK (cca 12k EUR / 8k GBP) on the units which start from 1,673,000 CZK (excl. VAT and parking), with the average 1-bedroom pre-sale unit coming in at 2.7m CZK (cca 96k EUR / 65k GBP- excl. VAT and parking).