Broadway Palace – extraordinary cultural monument in the center of Prague and unique investment opportunity

History

The project of a functionalist building by architects Bohumír Kozák and Antonín Černý was planned in 1936 and finished in 1938. It was constructed for the needs of italian insurance companies and belongs to the greatist functionalists monuments in historical centre of Prague.

 

The building consisting of three sections is six and seven storeys high and has three underground floors. In its original form there were also apartments but it was completely rebuilt in 1980s for administrative purposes. In the basement the Broadway cinema was opened in 1938 with the state of the art projection and sound equipment. After the end of the Second World War, the cinema was renamed to Sevastopol, and did not return to its original name until 1989. At present, these premises no longer operate as a cinema but as the Broadway Theater.

 

ÚZSVM took over this complex in 2016 from the then Railway Infrastructure Administration. In accordance with the law, the ÚZSVM first offered the building to other state institutions, but none of them showed interest. Therefore, the ÚZSVM will look for a new owner through a transparent electronic auction.

 

Sale details

The auction will start on October 14^th 2025 at 10 a. m. and will end on October 15^th 2025 at 10 a. m. Bidders must pay a mandatory deposit of 20 000 000 CZK. The deposit can only be paid by bank transfer to the auctioneer's account and must be credited by midnight on October 13^th 2025.

 

For this extraordinary investment opportunity the price starts at 878 000 000 CZK, minimum increment of bids is 50 000 CZK.

 

Tours in English

For more information and in order to book a tour in English language please use the contacts listed in the auction here.

 

 

Panorama pictures (click for enlarged version)