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|