CITY CENTRE - WARSAW

This listed Warsaw city center tenement with 1,910 m2 of useable residential space and ground floor retail space was in a poor state of repair and full of rent regulated tenants. The property was vacated and renovated in 2010 and the apartments sold in 2010/2011. The rear portion of the building remains undeveloped and is currently being cleared out of tenants.
Purchase Date January 2007
Purchase Price (including costs of vacating) € 1 250,000
Redevelopment Budget € 830,000
Start Sale Date for Apartments April 2010
Total Sale Price 3.8 mln Euro
Purchasers Private Individuals