Broadway Palace will be put up for sale in Prague for 1 billion crowns
“This sale is completely unique, even in terms of the announced amount. This is the auction with the highest minimum price in the history of ÚZSVM,” the Office said. According to the agency, the largest amount (790 million crowns) was received from the sale of a complex on Republic Square in Prague. The complex “U půjčovny” was sold for 355.1 million crowns among 100 bids submitted for the auction.
The Broadway Palace is located in the centre of the Czech capital between Na Příkopě and Celetná streets. It consists of three interconnected passages. There are shops, restaurants and offices apart from the Broadway Theater. The total area of the complex is over 8.3 thousand square meters (5375 sq. meters of office space and about 3000 sq. meters of retail space). The building was first served by Italian savings banks, part of the complex also housed apartments. In 1938, a cinema was opened in the basement, and now its premises are used by the theatre. After 1980, the building was adapted for administrative purposes.
“I believe that the Broadway Palace complex will soon find a new owner who can restore this cultural monument to its former glory and breathe new life into it. This is a unique investment opportunity in a profitable part of Prague,” ZSVM said.
Source: ceskenoviny.cz
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A man in the Czech Republic took a saleswoman hostage in a store
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10,539 people infected with COVID-19 died in the Czech Republic in 2020
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Hurricane in Czech Republic left 145,000 homes without electricity
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Czech Ministry of Health has banned trips to Russia and Tunisia
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