Stayed here for 3 nights at the end of July. The apartment itself was nicely decorated and fairly clean. Had all amenities needed in a small kitchen to make a small meal if you choose. Bathroom was equipped with washer and dryer that were a challenge to use. Bedroom was nice. Nothing stood out here as spectacular or horrible. However the biggest drawbacks were the lack of fan or air conditioning and the street level noise. We HAD to sleep with the windows open because it was so hot at night. Unknowingly we were staying right across from a club and were in the red light district. Day and night were complete opposite crowds. Prague has a reputation of being a great place to party until the sun comes up. This neighborhood is where those who are looking for that can stay. Every night was filled with loud, obnoxious drunken cheers between guys and constant thumping of bass from the clubs. Again had there been air conditioning, the windows could have stayed shut and the noise would not have been a problem.
During the day, the location is great! It's a 10 minute walk to the square to see all of Prague's sights. 15-20 minute walk to Charles Bridge. The street is filled with shops, hotels, restaurants etc. It is located 1-2 blocks from the National Museum and Wenceslas Square on Václavské Námestí.
I do recommend talking to staff at the desk for info. Some do speak excellent English, others do not. The ones that do were very helpful. Also if you need to convert money to Koruna I highly recommend using their bureau de change. They offered no charges to convert!! So avoid getting your currency at the train station or airport-only a small amount to get you transportation and food before arriving at the apartments! Lastly, next door to the apartment is a Marks & Spencer store with an excellent selection of snack foods (take escalator to 2nd level) to fill up your fridge with so you can come back from those long walks in the hot summer sun and replenish your body with juices, sandwiches, salads, pastas etc! Tram network runs by here and the subway network has a station literally steps from the entrance of the apartments. Very convenient location and good rates.
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