Construction update on unique investment opportunity

Odeon Residence

"Sales are really going strong on our recently launched Odeon Residence project", explains Emmanuel Efthymiadis, account executive with CERES Group, one of the fastest growing real estate ventures in the Czech Republic.

"This development will offer 101 high quality, well laid out apartments which have been designed to be in-keeping with the city of Most in the Czech Republic, where Odeon Residence is being built."

The project is a mixed-use scheme (retail/residential) coupling the first shopping centre with high-end residential units. The development comprises luxurious maisonette apartments with the remainder of the building offering studios, and one, two and three bedroom units with balconies and terraces, from which there are views of the nearby Hnevin castle.

"By making the best use of light and space, while using contemporary design flair, the Odeon Residence will be a welcome change in terms of city living in Most, making it well-positioned for pure investment transactions," says Mr. Efthymiadis.

"Nine units are now remaining with prices from as little as £23,143. Investors need to be quick though as there are only a few weeks left to get in on this promising project and take advantage of the incredible boom the Czech Republic is experiencing."

CERES Group’s Investment Overview of Odeon Residence

Ideally situated in a location with high capital growth (15%) and rental potential (6%+)
Joint venture with well-known Irish developer Quinlan Private
High-class residence, the first of its kind in Most, boasting high rental demands
Units from as little as £23,143 (810,000 CZK / €30,916)
Low exchange deposits of only 15%, meaning equity requirements from £3,471 (121,500 CZK / €4,637)
Limited number of buy-to-let units to prevent rental saturation
85-100% mortgage financing available
Free kitchens and a 5% discount for the first 15 units

CERES Group’s Lowdown on the Location (Most, Czech Republic)

Population: 68,000 people
Location: Most (meaning ‘Bridge’ in Czech) is located in North-West Bohemia, close to the
German border, between the Czech Central Mountains and the Ore Mountains 80km north-west of Prague (1 hour drive away) 82km to Dresden
Additional catchment area of 40k people (within a five minute drive of Most)
Government funding: Approx. £30 million (1 billion CZK) over the last decade
Most is experiencing a revival thanks to:
- Recently secured foreign and EU investment
- Creation of industrial zones
- Good infrastructure
- Large working population basin

Click here to read more about Odeon Residence.

Click here to contact CERES Group for further information about the project.

CERES Group is one of the most rapidly growing real estate ventures in the Czech Republic, bringing together all of the services required for an investor to purchase property within the region.

Click here to read more about the company.

Click here to browse the company’s properties for sale now.

Information courtesy of CERES Group.