The real estate agency WIZ ESTATES is pleased to present to you a very well-kept and comfortable 3-room apartment FOR SALE in the very center of Krakow at Main Market.


PROPERTY:

The offered property with an area of 94.93 m² is located on the 1st floor of a 3-story tenement house in the very center of the city. The apartment is located in the courtyard, which ensures quiet and peace. This way, noise from parties taking place at the Main Market does not reach it. The premises consist of a spacious kitchen combined with a dining area and a small utility room, a living room, two comfortable bedrooms, a bathroom with a shower, a separate toilet and a hallway. The living room is furnished with a sofa, two armchairs, a table, shelves, a TV cabinet, and a television. The kitchen is fully equipped with necessary household appliances, including a fridge with a freezer, gas stove, oven, microwave, hood and dishwasher. The dining area has a large table with chairs. The bedroom is equipped with a large bed and a spacious wardrobe for storage. The second bedroom also has a bed and a spacious wardrobe. The bathroom features a walk-in shower, sink with a mirror, washing machine, and storage cabinets. The floors of the apartment are covered with original oak parquet laid in a herringbone pattern. The bathroom and toilet have underfloor heating. The staircase has a small utility room and a balcony, and additionally, the price of the apartment includes a cellar. The window exposure of the rooms is to the southwest, and the kitchen faces south. All door and window fittings create a historic set registered as a monument from the 18th century by the Conservator of Monuments.

The apartment has been continuously renovated since 2015: parquet sanding, painting rooms. Last year, a thorough renovation of the bathroom, WC, kitchen, and hallway, cleaning and painting all doors in the apartment and windows in the kitchen. Installations were replaced during the renovation of the bathroom and kitchen, windows were not replaced. Original tiled stoves powered by electricity with a separate tariff, in the kitchen a new accumulative-dynamic stove.


LOCATION:

The property is located at Main Market right next to the Club Under the Lizards, it is one of the most attractive locations in Krakow, offering exceptional investment potential. The immediate vicinity of the most important tourist points – Sukiennice, St. Mary's Church, Wawel, or Planty – makes the premises can enjoy great interest from both tourists and business clients. The location in the very heart of the Old Town guarantees a constant demand for short-term rentals, as well as premium long-term rentals. Excellent communication: only 100 m to the tram stop Plac Wszystkich Swietych.
Apartments in this part of Krakow are among the most stable and profitable assets on the real estate market – it is an ideal proposition for investors looking for a prestigious location with a high return on investment. Numerous restaurants, grocery stores, and other commercial and service points are around. In the immediate vicinity also Wawel, Planty, Philharmonic, National Museum, as well as numerous walking areas, universities, or gyms (close to tram, bus stops, PKP station, and Galeria Krakowska). The premises are located in the courtyard part of the building, away from street noise. This way, residents are not exposed to the sounds of events taking place at the Main Market.

PRICE:

3,300,000 PLN negotiable
Administrative rent around 1400 PLN
+ utilities according to consumption.

Rental return analysis (ROI)

Assumptions:

Total purchase cost: 3,300,000 PLN gross

Long-term rental:Monthly income: 10,000 PLN
Annual income: 10,000 PLN × 12 months = 120,000 PLN
Annual ROI: (120,000 PLN / 3,300,000 PLN) × 100% ≈ 3.64%
Short-term rental:Average price per night: 850 PLN
Annual occupancy: 70% (256 days a year)
Annual income: 365 days × 70% × 850 PLN = 217,600 PLN
Annual ROI: (217,600 PLN / 3,300,000 PLN) × 100% ≈ 6.59%
*Photos show the actual condition of the property.


I highly recommend and encourage you to view the property together!
If you are looking for a property in a similar price or location, call.

Agent in charge:

Wiktoria Figula
License number 29172
Tel: 577 013 707
M:

We offer you comprehensive support from our expert, who will help you choose the most favorable mortgage offer available on the market for free.

Specifications:
Area: 94.93 m²
Bedrooms: 3
Bathrooms: 1
Floor: 1
Built: 1300
Monthly fee: 1400.0 PLN

Additional Features:
Kitchen Type: separate
Negotiable Price: True

Seller: Wiktoria Figula

Contact: 577 013 707

Data source: https://www.otodom.pl/pl/oferta/zadbane-i-komfortowe-3-pokoje-95m2-rynek-glowny-ID4v3jR