Karlín, Praha 8
Honest Karlín
About the project
Fully renovated in 2024
The historic building on the border of Karlín and Florenc underwent a complete renovation in 2024 and offers 31 stylish apartment units in six different layouts. Particular emphasis has been placed on natural materials — wood and metal — high-quality lighting and design solutions that meet modern living standards.
The property includes an enclosed courtyard with a café on the ground floor. Each apartment is fully equipped with a kitchen unit, refrigerator, dishwasher, washing machine, Wi-Fi and LCD TV — whether you intend to use the unit as your own home or for short-term rental.
The property includes an enclosed courtyard with a café on the ground floor. Each apartment is fully equipped with a kitchen unit, refrigerator, dishwasher, washing machine, Wi-Fi and LCD TV — whether you intend to use the unit as your own home or for short-term rental.
- 31Total Units
- 5Floors
- Courtyardwith Café
- 2024year if renovstion
Karlín — one of Prague’s most dynamic districts
A wide range of amenities, restaurants, cafés and shops in the immediate vicinity.
Karlín has long been one of Prague’s districts with steadily increasing property values.
Karlín has long been one of Prague’s districts with steadily increasing property values.
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Florenc metro station, lines B and C 2 min walk - Náměstí Republiky 5 min by metro
- Florentinum, Masaryčka ~10 min walk
- Prague Main Railway Station within walking distance
- Palladium shopping centre within walking distance
Florenc 21 will further enhance the appeal of the area
Florenc 21, a major development project on the border of Prague’s historic centre and Karlín, will transform the extensive brownfield site between Karlín, Nové Město and Žižkov into a new urban district featuring residential buildings, offices, a hotel, services and a modern bus terminal.
The investment by Penta Real Estate is estimated at approximately CZK 20 billion. Construction is expected to begin in 2028, with the first phase scheduled for completion around 2031. In the long term, the project is expected to further enhance the attractiveness of the area and strengthen the potential for property value growth.
The investment by Penta Real Estate is estimated at approximately CZK 20 billion. Construction is expected to begin in 2028, with the first phase scheduled for completion around 2031. In the long term, the project is expected to further enhance the attractiveness of the area and strengthen the potential for property value growth.
Photo Gallery
Aparthotel interiors and atmosphere
Types of Apartments
Six Apartment Layouts
Current availability and pricing can be found in the price list below.
Apartments
Available Apartments
Purchase Process
Mortgage Financing
Cash Purchasing
Upon signing the Reservation Agreement, the Buyer pays a non-refundable reservation deposit of CZK 200,000. The selected unit will then be reserved for 22 business days from receipt of the payment.
A non-refundable down payment equal to 20% of the Unit’s purchase price, less the reservation deposit already paid, is payable by the Buyer upon signing the Future Purchase Agreement.
The Future Purchase Agreement will include an obligation of the parties to enter into the Purchase Agreement within 44 business days from the date on which the Principal receives the down payment.
Alternatively, the Buyer may enter directly into the Purchase Agreement, in which case the full purchase price of the Unit will be payable in a single payment upon signing the Purchase Agreement.
A non-refundable down payment equal to 20% of the Unit’s purchase price, less the reservation deposit already paid, is payable by the Buyer upon signing the Future Purchase Agreement.
The Future Purchase Agreement will include an obligation of the parties to enter into the Purchase Agreement within 44 business days from the date on which the Principal receives the down payment.
Alternatively, the Buyer may enter directly into the Purchase Agreement, in which case the full purchase price of the Unit will be payable in a single payment upon signing the Purchase Agreement.
Upon signing the reservation agreement, the buyer shall pay a non-refundable reservation deposit of CZK 200,000.
The selected unit will be reserved for 22 business days from the date the payment is received, allowing the buyer sufficient time to complete the purchase.
The selected unit will be reserved for 22 business days from the date the payment is received, allowing the buyer sufficient time to complete the purchase.
- What does the letter “G” mean in the stated apartment area?The letter “G” stands for gallery (mezzanine). It is an elevated open level within the apartment, usually located above part of the living space and accessible by stairs. It provides additional usable space and is typically found in apartments with higher ceilings.
- Who takes care of the apartment?The apartment is fully managed by a professional property management company, which takes care of its operation, rental and day-to-day administration.
- What return can the property generate?When the property is managed by the property management company, it generates a net return of approximately 4% per year after all operating expenses.
- What happens in the event of economic uncertainty or a market downturn?Even under adverse market conditions, a minimum return of approximately 2% per year is guaranteed when the property is managed by the property management company.
- How do I choose the most profitable apartment?You do not need to base your decision solely on which individual apartment is likely to have the highest occupancy. Income generated by the hotel operation is distributed among the apartments according to the established model, meaning that an owner’s return does not depend solely on the occupancy of their specific unit. With the hotel maintaining a stable occupancy rate of approximately 86%, the expected net return is around 4% per year.
- Can I live in the unit long-term?The unit is registered as an accommodation unit, which allows it to be legally used for short-term accommodation. It can also be financed with a mortgage and used as a registered permanent residence.
Schedule a Viewing
Contact us to discuss your requirements and arrange a viewing at a time that suits you.