The Property Office will offer the National House in Vinohrady for the sixth time, having lowered the price

Prague - The Office for Representation of the State in Property Matters (ÚZSVM) will attempt for the sixth time at the end of October to sell the National House in Vinohrady, Prague. The property on náměstí Míru is offered for 523 million crowns, reduced by 92 million crowns compared to the last unsuccessful attempt in mid-September. The capital city will have the option to match the highest bid, the ÚZSVM reported today in a press release.

The electronic auction will take place from October 30 to 31. Interested buyers must deposit a security of 20 million crowns by the day before the auction at the latest. For the auction to be successful, at least one bid must be placed at the starting price. Further bids can be made in increments of at least 50,000 crowns.

The auction of the National House in Vinohrady could rank among the most profitable sales by the ÚZSVM ever. So far, the office has raised the most money from the sale of the complex at náměstí Republiky in Prague, which brought in 790 million crowns. The second most successful sale was this year's auction of the U Hybernů house at Prague's náměstí Republiky for 447 million crowns.

The property office took over the National House in Vinohrady at the end of 2024 from the State Cultural Fund. As no state institution expressed interest in the property, the property office offered it for sale at auction. However, no interested bidders registered for any of the five rounds of the auction.

The National House in Vinohrady was built between 1893 and 1894 according to the design of architect Antonín Turk. The neo-Renaissance building has four above-ground and two underground floors. It contains three large representative halls and four social lounges. Currently, the house primarily serves for hosting balls and other social events. Until mid-2032, the house is leased to the National House - Cultural House of Railway Workers.

Auctions of properties with high starting prices organized by the ÚZSVM recently have generally ended unsuccessfully. In addition to the National House in Vinohrady, attempts to sell the Štiřín Castle in Central Bohemia, the Veleslavín Castle in Prague, or the Broadway Palace in Prague have repeatedly failed.