In 1071 Budapest, a completely renovated building is for sale, which currently functions as a hostel. The property includes 33 rooms, a restaurant, several modern apartments and provides scope for further expansion. Description of the property The building has undergone a comprehensive renovation: – – modern heating system – – water and electrical networks have been completely replaced – – well-maintained and modern technical condition Layout – Ground floor: restaurant with access to the street – Upper floors: renovated apartments with 6 fully equipped kitchens – Terrace: spacious terrace of 120 m² – Basement: suitable for storage or conversion, for example for a fitness room In addition, there is the possibility adding additional floors and increasing the capacity of the hostel. Location The property is located in the popular 7th district (Erzsebetváros), close to: – East Station (Keleti) – metro stations – bus and tram stops Excellent transport accessibility makes the property attractive for tourists and students. Information The property is fully leased on a long-term basis, which guarantees a stable income to the future owner.About the district - 7th district / Erzsebetváros This district is the smallest, but most densely populated in Budapest. It is known for: – its rich Jewish heritage – the famous Dohany Street Synagogue – kosher shops – trendy bars and iconic “ruin pubs” such as Szimpla Kert – many cafes, restaurants and designer boutiques Area highlights: – Postcodes: 1071–1078 – Area: 209 hectares – Population density: approximately 25,541 persons/km² – Date of foundation: November 17, 1873 Note The sale is carried out by ImmoTrading GmbH on behalf of the Hungarian real estate partner. After submitting the LOI (letter of intent), direct contact will be established with the Hungarian partner. Further support of the transaction is carried out jointly by the partner and ImmoTrading GmbH. Sale price EUR 3,820,000 plus 4% commission, legal fees and government taxes. For more information or to schedule a viewing, please contact us. We will be happy to help you.
Wir weisen darauf hin, dass zwischen dem Vermittler und dem zu vermittelnden Dritten ein familiäres oder wirtschaftliches Naheverhältnis besteht.
