Budapest VI. kerület, Nagykörúton belüli terület, Király utca

Az ingatlan leírása

AN EXCITING PROPERTY WITH STRONG BUSINESS POTENTIAL
To the attention of investors we offer a completely renovated apartment hotel in the center of Budapest. r
This quality property in the heart of Budapest yields calculable and decent return on investment in case of tourism-related utilization. Location: Budapest 6. district Király utca (str) - Nagymező utca (str) corner.

KEY PARAMETERS
171 sqm - common area, kitchen & dining room, common bathroom unit + 6 rooms / apartments each with its own shower / sink unit, large apartment incl. toilet.
Rooms / apartments: 2 larger and 4 smaller are located in the property - smaller apartments with a gallery sleeping area.

The property was completely renovated in 2020 with high quality, durable materials and reliable workmanship.
Technical documentation is available.
Plans for the renovation of the building itself are available and approved, general contractor agreement signed. The renovation comprises the exterior / facade of the building, interior common areas and also includes the installation of an elevator.

Rental permits - incl. AirB&B are available also for short term utilization.
Short-term rental of the property - monthly average revenue of EUR 6,000-8,000 can be generated.
(AirB&B market has recovered in Budapest in Q3-4 2021, reaching close to pre-pandemic levels in high-season period. Current European political-economic situation effects tourism slightly, yet realistic-optimistic outlook is positive.
AirB & B operator connections are available.


LOCATION
Excellent location; the property is located on the corner of Király utca/str - Nagymező utca/str within Teréz körút/ ringroad.
Király utca/str - Gozsdu udvar/yard - Liszt Ferenc tér/square - restaurants and entertainment venues of Andrássy út a few minutes walk from the house.
Vörösmarty tér/square, Danube riverbank 15 minutes walk, while in the other direction at the other end of the street it takes an easy 25 minutes walk to Városliget / City Park. A major site with serious sports and recreation offer.

The property faces Nagymező utca/street on one side and Király utca/street on the other. Looking out the window on the side of Nagymező utca/str is the baroque Church of St. Teresa, behind it the Academy of Music, a few minutes walk away is the Opera House, St. Stephen's Basilica, the Dohány Street Synagogue and are the historic buildings of Andrássy Avenue - there are history all around.

Transport - literally everything is available - Metro 1, tram, trolley, bus all are also a few minutes walk away, making any parts of the city easily accessible from the property.
Shops, local market, pharmacies, banks - just minutes away.

If you have any questions, please do not hesitate, we will be happy to assist.
Tamás Rubóczky / REALIDA Consult Kft.
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