If you want to visit the centre of Prague it's the perfect location. It's about 15 min with the tram. The tram station is 5 min away. The neighborhood is safe and clean. The parking space is very safe because is at the basement of the building.
Just downstairs it's Kauflaund where you can change euros in local currency ( if you buy anything you can pay with euros and you receive Czech crowns ).
You can find local restaurants very near 10 min walk, with great food and at a good price.
The communication with Rene was very easy and useful.