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Balbanova in Prague 2 Balbinova is a large, six-floor reconstruction with many types of flats on offer. Ranging in size from approximately 29 to 107 square meters, the flats have several different configurations for the discerning buyer. Every single one of them has been completely reconstructed to the highest possible quality standards.
The flats feature high-quality materials, including wooden floors and solid interior and exterior doors. Climate control is also an important feature of the Balbinova apartments - all of them have thermostats for total regulation of the indoor environment. Additionally, the building is perfect for commuters - in addition to boasting 20 parking spaces, it is also a very short walk to a major tram stop and a metro station. Location Minutes from Wenceslas Square Located in beautiful Vinohrady. Payment Terms The payment terms for property in Czech Republic are excellent and most of your capital is not paid to the developer until completion:
A reservation fee of €3,500 is required in order to take the property off the market.
You will then be issued a contract and upon agreeing terms, you will return it with a payment of 15% of the property price, less your reservation fee.
85% of the property value is due on completion.
Property Management We have several partners in Prague who will offer their services to rent out your apartment during your absence. They will typically advertise your property in local press, magazines and with certain tour operators in order to maximise your return. Their revenue is earned through the rental cost on a "no-rent-no-fee" basis, and they will only take 10% of your rental for this service.
As part of this service, they will manage the keys and transfers, clean the apartment and make it ready for the next visitor. They will also notify you of any outstanding bills, breakages and other issues that may need your attention. The property management company is typically responsible for the upkeep of your apartment when you are not there and is responsible for any replacement goods.
About the Immediate Vicinity Even a hop to the centre of downtown Prague is an easy achievement; Wenceslas Square, the spine of the city, is a mere 5-minute stroll away. Vinohrady is well deserving of its fine reputation. The name means "vineyard" in English, and once upon a time the hill it sits on was the royal wine-growing district of Prague. It was developed into a middle-class residential neighbourhood in the late 19th century, but it never lost its green and elegant feel.
Today, it is a highly desirable neighbourhood to live in for both locals and the sizeable foreign community in the city, and it features some of Prague's best restaurants, cafes and pubs.
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