Type: Apartment
Company: Property-Venture
Price: £ 64,000.00 Exchange rate used at date of posting

Special Offer for limited period. The chance to buy into a unique development at pre-sale prices. 30 apartments are available (1 bed, approximately 40sqm) starting at PLN288,000 to PLN 332,000 or c.£64,000 to 73,800. Unheard of prices for this location. Expect yields of about 5-8% and significant capital growth. Hurry to call us on 01932 849536 or e-mail infoatproperty-venture.com Building starts October 2011.

Poland as a property investing market

Poland was the only country in the European Union not to go into recession, when all the other countries did. It represents a safe haven economy, which is politically stable and has a buoyant property market. It is not your traditional second holiday home destination, but makes a great choice for an investment property in one of the main city centres such as Warsaw of Krakow, or even buying a holiday home in a place like Krakow, which is very popular as a city centre break, given all its historic connections and proximity to Auschwitz. 

Property prices have appreciated in stronger European countries like Poland, whose economic growth at 8.1% bodes well for property markets.  

Lubicz Brewery is being given a new lease of life.

The historic Lubicz Brewery is about to become a vital part of the city again.

The renovated complex will comprise: apartments, offices, contemporary stores and business facilities, as well as restaurants and bars in the charming historic premises of the brewery. Residents of Cracow and tourists will have a chance to admire the Goetz Palace and post-industrial buildings, dating back to the second half of the 19th century, in which Galicia’s best beer was brewed for more than 100 years.

For those who are looking for an interesting and fairly unique angle on Krakow, this property development offers extraordinary cellars with huge ceilings. The entire quarter will be opened to the city and create an attractive and vital place for both leisure and work just several minutes walk from the Rynek the World-famous medieval Market Square. 

Offices

The historic buildings of the old brewery will be renovated and adapted to their new function: the interior of the Goetz Palace will be restored to its original elegance as high-class offices, the Engine Room and the Boiler Room will be turned into business premises, while the Malt House will become a stylish restaurant.

The historic Goetz Palace will provide almost 2000 m2 of high-class office space, including: a presentable reception area, a unique-styled interior, combined with state-of-the-art infrastructure, air-conditioning and underground parking area will offer a prestigious and comfortable work environment.

The complex will comprise also approx. 6000 m2 of contemporary office space in the newly designed building.

Apartments

Among the carefully-renovated 19th-century industrial buildings of historic value, there will be 7 contemporary residential buildings with parking spaces and business premises on the ground floor. Residents will have their own small gardens (on the ground floor) or terraces (on the first storey). Apartments on the two highest storeys have been equipped

with air-conditioning. A contrast between the present and the past gives this venture a unique character and makes it a part of the exceptional atmosphere of Krakow, a city where modernity and tradition co-exist in harmony.

The entire residential part of the project is surrounded with eye-catching green areas with places for walks, as well as a playground for children. In the heart of the city The Lubicz Brewery is situated only 800 meters from the Rynek (Market Square) and surrounding historic places of the Old Town. It will take only 20 minutes on foot to reach the royal Wawel Castle or the magical Kazimierz-Jewish Quarter. Both residents of and employees working in the Lubicz Brewery, will have convenient access to the most important Krakow theatres, museums and colleges as well as restaurants, coffee shops and shopping malls. In the vicinity, there are hotels and the Main Railway Station (Dworzec Główny) providing domestic railway services and a railway connection to the Balice international airport.

Lubicz Brewery is stacking up as a great place for residents and commerce.

The prices are for "black finish" which is usual in Poland, so for what most people expect as a "white finish" which is flooring and plastered walls a fitter completes this and it costs (for a medium-high finish) approx 1,000 PLN per sq m with kitchen costing approx 15,000 PLN additionally. So for a 40sqm apartment count on an extra £12,000.

There will be underground parking spaces available from 45,000 PLN (c. £10,000)

Payment Plan

PLN 10,000 reservation deposit (c. £2,300), 2% Introducer fee, payable at same time as the deposit

10% Deposit at preliminary Stage (Minus PLN 10,000 reservation amount), phased payments, 10% around handover (Completion of Phase 1)

Target CompletionPhase 1 June 2013

     

Local Price: PLN 288,000 Original currency - used to convert to £
Property Build: New Build
Country: Poland
Polish town of: Krakow
Inland-Coastal: Inland
Plot-Size: 40SqM
Livingrooms: 1
Bathrooms: 1
Bedrooms: 1
Home Features:

• Air Conditioning
• Parking
• Modern Style
• Balcony/Terrace
• Garden

Community Features:

• Buses
• Trains
• Shops
• Restaurants
• Shopping Centre
• Medical Facilities
• School
• Health Club
• Bars

Reference Number: PV50006
Property Category: Residential
Investment Category:

• Buy to let Property
• Investment