Description

We are offering for sale an 8-story building located in one of the most sought-after areas of Budapest's 7th district, providing an excellent investment opportunity.

Originally built in 1905 as a two-story residential building designed by Ignác Kende, the property has undergone multiple renovations (1905, 1907, 1930) and was converted into an office building in the 1980s. The current owners have not utilized the property recently and are now offering it for sale.

The property is situated on a plot of approximately 350 sqm, with a total usable area of around 2,600 sqm. The basement, ground floor, upper floors, and rooftop constitute ten levels. A previous building permit indicates the possibility of creating 40-45 rooms within the building.

This versatile building is ideal for:

- Developing an apartment hotel or boutique hotel,

- Long-term rental for offices or loft apartments,

- Mixed-use development combines the above functions.

The dry, vaulted basement allows for various functional adaptations. The ground floor features two street entrances, while a staircase is located on the side of the building, along with an elevator shaft. The floors are structured in a U-shape, making them easily divisible into smaller units.

The rooftop terrace offers a unique panoramic view of Budapest, making it an excellent location for a sky bar.

The building enjoys an exceptional location: Astoria and Blaha Lujza Square are just a few minutes walk away, Deák Square is also easily accessible, situated in the vibrant city center, close to restaurants, bars, and entertainment venues, ensuring high occupancy if utilized as a hotel.

The property requires significant renovation, providing the future owner with the opportunity to shape its final function and appearance according to their vision.

For further information and viewing opportunities, please contact us.