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Broadway Palace – unique investment opportunity in Prague

The Czech Office for Government Representation in Property Affairs (UZSVM) offers potential investors the Broadway Palace for sale in an electronic auction. The new owner will not only get large office space right in the center of Prague, but also a unique building associated with culture and rich history. The functionalist building by architects Bohumír Kozák and Antonín Černý was built in 1938. It was constructed for the needs of Italian insurance companies and now belongs to the greatest functionalist monuments in the historical centre of Prague.

The electronic auction will start on March 7th at 10.00 AM (CET). The auction will end on March 9th 2022 at 12.00 noon (CET). Bidders must pay a mandatory deposit of 20 000 000 CZK (approx. 825 000 €). The deposit can only be paid by bank transfer to the auctioneer's account and must be credited by midnight on March 4, 2022 (CET).

The price starts at 1 050 000 000 CZK, minimum increment of bids is 200 000 CZK. This is an extraordinary investment opportunity and at the same time a sale with the highest announced minimum price in the history of UZSVM.

Public viewings in Czech and English language are planned on the following dates:

  • 26. 1. 2022 at 1pm (CET)
  • 3. 2. 2022 at 10am (CET)
  • 10. 2. 2022 at 2pm (CET)
  • 16. 2. 2022 at 10am (CET)
  • 24. 2. 2022 at 1pm (CET)

It is mandatory to register for the viewing. Current hygiene rules must be observed.

More information on this sale including detailed photodocumentation can be found at the UZSVM website.

Attachments

Broadway sale leaflet 1 MB PDF (Adobe Acrobat document) Jan 20, 2022