Operating serviced apartments in Prague
Introducing the new project by Vihorev Group, Honest Michle.
The project will be launched under the Development product.
A loan will be granted for construction, fit-out, and equity refinancing.
Currently, the project is in the construction phase, which is planned to be completed in late 2025; the fit-out and equipment installation will be completed in early 2026.
The project will operate as serviced apartments under the management of Vihorev Group, with a planned opening date in early 2026.
Investors participating in the Development of Michle - LOT 1 will receive an additional 1% annual interest for future investments in Rental Honest Michle.
Investment Opportunity in Property Development with an Expected Return of 14.00% Per Annum.
Honest Michle, located in Michle, a well-connected district in Prague that combines historic charm with modern amenities, offers an attractive rental market due to its proximity to business centers, quality facilities, and strong demand from a diverse resident base.
Upon completion, the property will provide rental opportunities for short, mid, and long-term rentals.
Introducing Development, our product that secures and increases your income on invested funds.
You are investing in a property that possesses all necessary permits and comes from a developer with a proven track record of successfully completed properties in Prague.
After the completion of a construction project will generate revenue as a rental serviced apartments.
With Development, you can get an opportunity to invest in future profitable and demand properties without any commission or hidden fees.
Introducing Honest Michle by Vihorev Group, a rental apartment complex located in the Michle district of Prague.
Michle, a district in the vibrant city of Prague, offers an appealing opportunity for investors interested in the rental property market. Known for its blend of historic charm and modern conveniences, Michle provides a unique residential experience that attracts a diverse group of tenants, including young professionals, families, and expatriates.
The district boasts excellent transportation links, with efficient tram and bus services and proximity to major highways, making it easily accessible from various parts of the city. Additionally, Michle is home to several business parks and offices, which adds to its allure for working professionals seeking commuting convenience.
Amenities in Michle are plentiful and varied, including shopping centers, boutiques, parks, and recreational facilities, catering to the lifestyle needs of its residents. The area also features reputable schools and healthcare facilities, further enhancing its desirability for families.
Honest Michle is a brand-new property that will consist of 32 apartments featuring modern designs and equipment, ensuring tenants enjoy comfort during their stay.
Product | Development |
Loan purpose | Equity refinance, Construction and Fit Out |
Location of the funded project | Praha 4 Michle |
Borrower | Vihorev Investments SE |
Collateral Value | 6,600,000 |
Senior loan | 3,600,000 |
Fintown loan | 1,800,000 |
Borrower equity | 1,200,000 |
Start of interest accrual | From the investment date |
Minimum investment | 1 EUR |
Interest payout | After minimal term |
Project term | 18 months |
The Honest Michle project is a residential rental opportunity currently under construction in Michle, Prague 4.
This 7-story apartment building will feature designed and furnished apartments.
As of now, the project is in the initial stage of development.
Project basic information
Total number of apartments | 32 |
Total amount of leased area, m2 | 1,473 |
Average area of a leased unit, m2 | 35 |
The rentals for Honest Michle will be managed by Vihorev Management Company s.r.o.
The launch of the apartment rentals is slated for early 2026, with availability being broadcast across various platforms, including Booking.com, Airbnb, Expedia, and Flatio.
Thanks to its great location in a healthy environment and well-developed district, the property plans to achieve an 85% occupancy rate.
Commission-free for the use of the Fintown platform.
No hidden fees for exiting at any time after min. term. during the project.
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