The National House in Vinohrady was successfully sold by the property office for 399 million CZK

Prague - The Prague National House in Vinohrady has been sold to the Office for the Representation of the State in Property Matters (ÚZSVM) on the eighth attempt. The bidder in the electronic auction, which concluded today, offered a starting price of 399 million crowns for the property in náměstí Míru, according to the auction website. The sale is among the most profitable that the property office has conducted.

The property office had already offered Prague the opportunity to match the highest bid before the auction started. "Therefore, ÚZSVM will now approach the city to match the highest bid from the selection process, which amounts to 399 million crowns. If they do not do so, ÚZSVM will conclude a contract with the winner of the electronic auction," stated the office's spokesperson Tereza Frančová. According to her, the winner of the auction is a legal entity from Prague.

The property office took over the National House in Vinohrady at the end of 2024 from the State Fund for Culture. Since no state institution showed interest in the property, the office offered it for sale at auction. The first round took place last April with a starting price of 760 million crowns, which ÚZSVM subsequently reduced gradually to the current 399 million.

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 houses 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 company Národní dům - Cultural House of Railway Workers.

The sale of the National House in Vinohrady is among the most profitable that ÚZSVM has carried out. The auction of the Prague Broadway Palace, which took place last October and for which a bidder offered 878 million crowns, yielded the most, and a contract is now awaited. The second most profitable sale by the property office was a transaction in 2015, when it sold the former monastery complex in Prague's náměstí Republiky for 790 million crowns, and the third place goes to the sale of the Prague house U Hybernů for 447 million crowns last March.

The property office has not succeeded in selling the Central Bohemian castle Štiřín, which has high value. The ninth attempt to auction it in December failed, with a starting price of 720 million crowns. Ten auctions of the Prague Velislavín Castle also ended unsuccessfully. Prague is now negotiating with ÚZSVM about the possibility of buying the castle for 210 million crowns, which was the starting price in the last auction last December.