Investment project in Budapest, Hungary, 7 783 m²

• Land area: 7783 sq.m.

• Building area: 4801 sq.m.

• Available for rent: approx. 4000 sq.m.

The industrial zone is located in the 8th district of Budapest, the total area of the plot is 8163 sq.m., 7783 sq.m. are the property of the seller, the remaining approx. 400 sq.m. are used on a physically common territory on the basis of a use agreement. The seller has a preferential right to purchase the territory of the co-owner, the relationship is good and legally regulated. The building area is 4500 sq.m..

On the territory there are:

1) Warehouse building with an area of 700 sq.m. is rented under a long-term lease agreement in euros. The condition of the hall is very good, it is well equipped, freshly painted, artificial resin on the floor. It has no structural problems.

2) Warehouse building with an area of 750 sq.m. In good condition, with high ceilings. For rent under a long-term lease agreement in euros. Two levels have been created in the part of the warehouse building separated by a wall. Four small storage rooms with a low ceiling were created in the lower part, and six rooms and offices were created on the upper floor, which are currently not in use.

3) At the back of the plot there are offices, a building designed as the owner's apartment, a garage, a park, a tennis court, a garden barbecue area and small storage rooms. The building area is 400 sq.m. It is rented by the current caretaker at a bargain price, but with a contract that can be terminated at any time. The building was built in the 2000s for the then owner's own needs and is in relatively good condition. In appropriate cases, the entire building can be converted for logistics purposes.

4) In the main building there is a dance hall with a separate entrance, located on two floors, as well as three small rehearsal halls (total 489 sq.m.). This part is rented by a dance company. In case of other use, the contract can be easily terminated.

5) Main building: the main building without a dance hall of 1800 sq.m. Under the dance hall there are two apartments that are rented to the service staff for living. On the ground floor there are warehouses, office and residential premises, as well as currently unused exhibition halls and exhibition halls with windows to the street. The first and second floors were renovated last year and are currently being used as housing for workers. The second floor is completely finished with 14 newly built apartments of 30 sq.m., and 14 apartments are being built on the first floor in the same way. These are mini-apartments, boarding houses and dorm rooms with a kitchen and a bathroom, ready for rent. The warehouses on the lower floor are rented out. The presentation rooms are currently empty.

6) Additional income is provided by rent, there are about 50 parking spaces, of which 18 are rented.

By leasing vacant space and renegotiating lease agreements, the current rental income can be increased by at least 50-60% without major investments by the owner/operator.