Description
Rare, Unique Investment Opportunity: Independent Building for Sale 10 min from the city center.
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This one-of-a-kind property presents an exceptional investment opportunity, ideal for those looking to purchase and hold the property, generating high rental returns and excellent yearly yields. Alternatively, it offers a fantastic opportunity for renovation and resale, allowing you to sell each flat individually for a minimum of 500,000 euros or more, thanks to the prime location, amenities, and high-end features.
Located in Budapest’s rapidly developing 14th district, this unique property offers a blend of historical charm and modern development potential. Situated within walking distance of two metro stops, bus routes, and extensive bike lanes that lead directly to the city center, the building benefits from easy access to sports facilities, including swimming pools, water polo centers, tennis courts, and football centers—ideal for all ages. The area is family-oriented, with parks, green spaces, and the new Zenit shopping and business center nearby, set to become a hub for government offices, enhancing local living standards.
Just 10 minutes from the city center and Hero Square, the property offers both convenience and the peaceful atmosphere of the Pest side. It is one of the best residential areas, providing urban amenities without the need for long commutes.
Property Highlights:
• Great Investment Opportunity: This project has immense potential, making it one of the most attractive investment opportunities in the area.
• Historic Charm: The building is a classic Hungarian structure from the 1950s, fully independent and in good condition.
• Independent Heating and Water Systems: The property is equipped with its own heating and water systems, providing complete autonomy.
• Size and Structure: The property sits on a large 1,113 sqm plot and features 4 floors (cellar, ground floor, 1st floor, and attic). The building itself is more than 472 sqm + additional space including balconies, terraces, a cellar, common areas, staircases, and a garage.
• Development Potential: There is the possibility to build 4-5 luxury residential flats, each offering 2-3 bedrooms, spacious living areas, balconies, and terraces.
• Private Amenities: The potential exists to develop a private swimming pool, landscaped common areas with a garden, a children’s playground, and a barbecue space, creating a luxurious living environment.
• Expansions and Additions: The property allows for the construction of private parking for up to 6 cars, the addition of an elevator, and private storage rooms for residents.
• Flexibility for Resale: It is possible to separate each flat on documents, making them eligible for individual resale, with potential sales prices starting from a minimum of 500,000 euros.
• Low Supply, High Demand: The demand for luxury apartments with private pools, gardens, and amenities is extremely high in Budapest, while the supply is limited, making this a rare opportunity.
• Current Structure: The building currently has 3 floors plus a cellar and is suitable for easy renovation, offering a smooth transition into a modern, high-end project.
This property offers a rare chance to create a luxurious, small condominium in a flourishing area of Budapest, combining historical charm with modern convenience. With its independent heating and water systems, attractive price, and potential for significant returns, this is a unique opportunity for investors looking to capitalize on the growing demand for luxury living in Budapest.
For further details or a private consultation, please don’t hesitate to contact us:
William McKenna Consultants – Budapest
Christofer Pecoraro
