Articles

Downtown Brno for sale. Nobody wants it

In Brno, Culture, History on April 19, 2011 by Petr Bokuvka Tagged: , ,

Some of the most valuable buildings in downtown Brno are for sale. Five historical houses in Dominikanska street can be yours for thirty-nine million. So far there have been three involuntary auctions but nobody has bought them yet. The auctions were proposed by the mortgagee, as the owners of these buildings failed to pay mortgage instalments. They must be heirs of some sort, because one of the owners is only 34 years old. (Better photos coming up…)

 It is interesting that these five buildings can cost less than one single luxurious house in the borough of Ivanovice that is for sale for fifty million (according to an ad in the Real City magazine). The truth is, however, that not everything about these buildings dates back to the 16th century. The Brno Encyclopedia writes that only basements and outer walls do, the rest was rebuilt.

 The owners of the buildings owe sixty-four million to the bank, so even if the auction goes well the total proceeds of thirty-nine million will not be enough.

Plus, the complex is connected by corridors and passages (built in 1940’s), so the new owner will have to buy them all – i.e. it was not possible to divide the auction “item” into several separate items.

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