For sale commercial property, UZ018711
Budapest VIII. kerület, Orczy negyed

275,000,000 Ft

700,000 €

  • 246.5m²
  • 7th floor

Excellent investment opportunity: penthouse apartments in the Orczy residential park in District VIII.

A new owner is sought for a 246 m2 penthouse space with great potential in the Orczy quarter, near Orczy Square, which is being converted into 7 easily rentable apartments. The price refers to the completed state as shown in the visual plans. If you are looking for a special investment opportunity in a busy location, be sure to check out this property!

NEIGHBORHOOD AND TRANSPORTATION:
- Budapest's 8th district, Orczy quarter, a dynamically renewing neighborhood.
- A busy area with excellent transportation and infrastructure.
- The neighborhood is constantly developing, with several new investments and green space developments underway.
- Everything you need for everyday life is within comfortable walking distance.
- The M3 metro, tram lines 28 and 62, and bus lines 9 and 85 are 2-5 minutes away from the apartment building.
- Close to Orczy Park, Ludovika Campus, Kálvária Garden, universities, sports fields, and cultural institutions.
- The city center is easily and quickly accessible.
BUILDING DESCRIPTION:
- Built in the 2000s, completely renovated in 2025, closed staircase, 8-storey brick apartment building with elevator.
- The exterior facade is covered with a durable, ventilated brick system, which guarantees a modern appearance and outstanding durability.
- 62 new apartments have been created in the condominium, retaining the reinforced concrete structure.
- In the attic, as shown in the photos, 6+1 new apartments will be created in the current spacious open-plan space.
- The apartments will be equipped with triple-glazed plastic windows and doors, which will also make the homes more economical.
- The stairwell has pressurized ventilation and a modern fire protection system.
- A camera intercom system in the building allows guests to be identified, ensuring complete control for residents.
- The convenience and security features of the adjacent parking garage guarantee that residents can park safely and easily.

KEY FEATURES OF THE PROPERTY:
- 246 m2 floor space, currently an open-plan attic space with a ceiling height of 550 cm.
- Accessible via a closed staircase and elevator.
- South-west facing, the space is very bright, with well-insulated walls and plastic windows and doors.
- 6+1 apartments are currently being built in the attic, which will be on one sub-level.
- The number and layout of the apartments can still be changed on request.
- The apartments have separate entrances and are easy to rent out with a high return on investment.
- Access is via a token or code-operated system.
- The apartments are heated by a heat pump system, and each consumer has a separate meter.
- Construction is expected to be completed by the end of 2025.

EXCELLENT OPPORTUNITY FOR:
- short- and long-term rentals,
- employee accommodation,
- tourist groups,
- private hostel,
- the possibilities are limited only by your imagination.

THE PROPERTY CAN BE VIEWED:
- via a 3D virtual web tour.

WE ALSO PROVIDE ONLINE ASSISTANCE WITH FINANCING!
- Our multi-award-winning office's credit experts, with 20 years of professional experience, are available by appointment, even outside normal working hours.
- Our bank-independent Credit Center compares the offers of all banks and credit institutions free of charge to find the most suitable solution for you.

If you are interested, I LOOK FORWARD TO YOUR CALL every day of the week!

Registration Number

UZ018711

Property Details

Sales
for sale
Legal Status
new
Character
commercial
Type of Business Property
part of building
Construction Method
brick
Net Size
246.5 m²
Above-Ground Net Size
246 m²
Ceiling Height
550 cm
Number of Levels Within the Property
1
View
city view
Condition
Excellent
Condition of Facade
Excellent
Condition of Staircase
Excellent
Year of Construction
2025
Water
Available
Electricity
Available
Sewer
Available
Elevator
available

 

Possible Functions
guesthouse, hostel, other
Visibility
Located on a side street
Accessibility
Entrance from side street
Utilization
vacant
Medovarszki Andrea
Medovarszki Andrea

Credit Expert

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