In 1071 Budapest put up for sale a completely renovated building, which now functions as a hostel. The property includes 33 rooms, a restaurant, several modern apartments and provides opportunities for further expansion.
Description of the object
The building has undergone a comprehensive renovation:
- modern heating system
Water and electrical networks completely replaced
- well-groomed and modern technical condition
Planning
- First floor: Restaurant with street access
- Upper floors: renovated apartment 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, it is possible to add additional floors and increase the capacity of the hostel.
Location.
The property is located in the popular 7th district (Erzebetvaros), near:
- East Station (Keleti)
subway stations
- bus and tram stops
Excellent transport accessibility makes the object attractive for tourists and students.
Information
The property is fully leased for a long-term lease, which guarantees a stable income for the future owner.
About the district - 7th district / Erzebetvaros
This area is the smallest, but most densely populated in Budapest. He's known:
His rich Jewish heritage
The famous synagogue on Dohan Street
- kosher shops
Fashionable bars and iconic “ruin pubs” such as Szimpla Kert
– many cafes, restaurants and designer boutiques
Basic area data:
- Postal indices: 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 a Hungarian real estate partner.
After the LOI (Letter of Intent) is submitted, direct contact with the Hungarian partner will be established.
Further support of the transaction is carried out jointly by the partner and ImmoTrading GmbH. Sale price
3,820,000 EUR
plus 4% commission, legal services and government taxes.
For more information or a viewing record, contact us. We'd be happy to help you.
Wir weisen darauf hin, dass zwischen dem Vermittler und dem zu vermittelnden Dritten ein familiäres oder wirtschaftliches Naheverhältnis besteht.
