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 object
The building has undergone a comprehensive renovation:
– – modern heating system
– – water supply 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 as a fitness room
In addition, it is possible to add additional floors and increase 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 site attractive to tourists and students.
Information
The property is fully leased on a long-term basis, which guarantees a stable income for the future owner.About the area – 7th district / Erzsebetváros
This area is the smallest but most densely populated in Budapest. He is known:
– its rich Jewish heritage
– the famous synagogue on Dohany Street
– kosher stores
– trendy bars and iconic “ruin pubs” such as Szimpla Kert
– many cafes, restaurants and designer boutiques
Basic data of the area:
– Postal codes: 1071–1078
– Area: 209 hectares
– Population density: about 25,541 people/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.
Selling price
3,820,000 EUR
plus 4% commission, legal fees and state 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.
