In a surprising turn of events, the prestigious Štiřín Castle, located in the Prague-East region, has failed to attract buyers in its sixth auction round. The magnificent property, which boasts a rich history dating back to the 18th century, couldn’t secure a single bidder willing to place the required 20 million crown deposit for the Tuesday noon electronic auction.
The state-owned property, currently managed by the Office for Government Representation in Property Affairs, has seen its price tag dramatically reduced from an initial 3.4 billion crowns to just under 983 million crowns. Despite this significant price cut, potential investors remain hesitant, leading to speculation about further reductions in the asking price.
Adding to the property’s marketing challenges, scheduled viewings in early April drew no visitors, despite initial inquiries from potential buyers. The castle, which previously operated as a luxury hotel complete with a restaurant, wellness center, and extensive castle grounds, sits approximately 25 kilometers southeast of Prague, conveniently located near the Brno highway.
The local municipality of Kamenice has expressed interest in acquiring some of the castle’s auxiliary buildings. However, the state property office maintains its stance on selling the estate as a complete package, having only separated certain areas such as parts of the golf course and pond bank, which were transferred to the state-owned Forests of the Czech Republic.
As this architectural gem continues to await its new owner, it stands as a testament to the challenges faced in selling large historical properties in the current market, even with substantial price reductions and prime locations near the capital city.