473,500,000 Ft
1,323,000 €
- 633m²
Invest in the future: development area in Újpest, in the heart of the capital!
We offer an extraordinary opportunity for attentive investors in Budapest's 4th district, Újpest, where a development area awaits its new owner. The property has a floor area of 633 square meters, providing the potential for creative design and the realization of future developments. The current state of the area requires renovation, giving potential buyers the chance to transform the property according to their own ideas. The property falls under the Lk-1/IV-4/2 construction zone (small-town residential area, typically with closed-row development) according to the 12/2018 (IV. 3.) municipal regulation concerning the urban planning unit of Újpest Károlyi City Quarter in Budapest's 4th district. According to the 22/2021 (VI. 24.) municipal regulation of the Újpest Municipality's Representative Body regarding the protection of the urban landscape, the property is located in the D designated area, known as a traditional, intensive small-town character area. Theoretically, there is a possibility for the reclassification of the property from workshop to residential use; however, it is highly recommended to involve an architect who, through a thorough understanding of the site and its current condition, along with the necessary expertise, can examine the applicable national and local regulations and guidelines, and provide you with an assessment and information regarding possible developments on the property, the modification of the workshop designation to residential use, and the necessary procedures involved. The location of the property is particularly important, as this part of Budapest is dynamically developing, promising long-term value growth for the investment. The area offers a safe, quiet, and family-friendly atmosphere, creating an ideal environment for the future development of residential units, shops, or other functions. Transportation options are also extremely favorable, as the nearby bus and tram stops provide easy access to other parts of the city, making daily commuting hassle-free. Additionally, the proximity to schools, kindergartens, shopping centers, and green spaces contributes to the attractiveness of the area. The property has a versatile function, making it suitable for the establishment of residential properties, commercial units, or offices, taking local building regulations into account. This development area is not just a property but an opportunity for future sales that can attract a wide range of potential buyers. The real estate market is continuously changing, and such opportunities can disappear quickly, so it is advisable to act as soon as possible. Please do not hesitate to ask your questions, as our expert team is ready to provide you with all the information you need and assist you in making the best decision. Your future investment begins here!
Registration Number
BI000586
Property Details
Sales
for sale
Character
developmental
Type of Development
Entire building
Subtype of Development
industrial
Net Size
633 m²
Plot Size
1,180 m²
Above-Ground Net Size
633 m²
Developable Net Size
768 m²
Developable Above-Ground Net Size
768 m²
Heating
Gas circulator
Ceiling Height
372 cm
Number of Levels Within the Property
2
Condition
To be renovated
Condition of Facade
Below average
Year of Construction
1970
Water
Available
Gas
Available
Electricity
Available
Sewer
Available
Developable Property
Apartment 1-20 units, Office, Guesthouse
Visibility
Located on a side street
Accessibility
Entrance from side street