2-storied, 850 sqm multipurpose downtown office building for sale in Budapest
Offices - Terézváros Budapest
If you are looking for a special real estate investment opportunity then this unit is for you. This 2-storied, 850 sqm office building was built 6 years ago on the top of a retro residential building. The original building -built in the 1900’s -was refurbished in 2007, which is when the two top floors were added on. The office units and service areas (such as the reception, server room, storage-rooms, buffet, gym) are located on these floors. The gym, that is indeed a stand-alone apartment with panoramic roof terrace, the mix of smaller-bigger offices (between 30-150 sqm ) that have individual entrance, bathrooms, kitchen, the good layout, the location, the modern, new lift make this property a useful investment, and in a smart investors’s hand it can be turned into profitable business.
The office building has not been used for a while, the drip of rainwater is not flawless, and despite of the usage of excellent materials we noticed insulation problems during our visit, but due to its layout, the location, the materials used, we can see the opportunity in the building. The property is located in the middle of the VI. District, and can be easily accessed by car and public transport, so varied, mixed usage is feasible. The gym can be turned into a stand-alone, legally separated apartment with the excellent roof terrace, the offices can be turned to apartments or hostel, or can be rented like office. Its worth to consider that the purchase price of this office including the necessary cost of the maintenance and refurbishment would be lower than the current selling price/ sqm of the similarly refurbished apartments in the neighborhood, that is currently between 550.000-800.000 Huf/sqm. So we can see fantasy in the buying and operating of this property. Due to the missing garage, the parking can happen on the street, so this needs to be considered for the determination of the final function.
Price: 251 400 000 HUF + VAT
- Floor 4
- Energy Performance Certificate At least EE
- Building size 850 sqm
- Function Office
- Investment highlights • Excellent location: heart of the VI. district • Close to public transport connections • Varied size offices: 30-150 sqm