Budapest Property
,

Property ID:21051


€2,500,000

Property Type: Commercial

Studio Bedroom(s)

0 Bathroom(s)

Size: 1380.00M2

Property Status: For Sale

Property View: Street view

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Key Feature

The property includes a 498 sq m site with a partly demolished historical building. The remaining parts of the building-the façade and the stairs- are protected. Originally it was constructed in the 1880s in eclectic style. According to the town planning regulations of district VI, the future development should be characterised by the following parameters: Eclectic style, GF+2 floors, 16.22 meter building height with an area size of ca. 370 sq m per floor. Based on the information received in 2018, the existing superstructure on title number 29626 measures to ca. 1,100 sq m. The property has an area size of 280 sqm and it is located on the ground floor in the adjacent residential building of the 498 sq m site. The two areas can be joined together. This property has an entrance from Kodály Körönd. The inner part of the property needs to be thoroughly refurbished. The client would like to convert the two properties to a hotel. It would have an entrance from Kodály Körönd with great visibility and public transport connections. On the ground floor give room to the restaurants, reception, the two upper floors would be occupied with hotel rooms while on the rooftop there would be a bar and swimming pool.

About Property

The property is located in the 6th district of Budapest at Kodály Kőrönd, which is a square along Andrássy Út, the famous touristic avenue of Budapest.

 

Andrássy Út is protected by the UNESCO World Heritage because of its unique atmosphere and picturesque architecture.

 

The property is  between Oktogon which is an important public transport hub and Heroes Square which is a touristic destination.

 

 It is around 1 km away from the downtown of Budapest and 2 km distance from M3 introductory section.

The property is surrounded by historical residential building and villas, there are several museums and embassies around the area

The location is considered very good, as the property is a situated in a prestigious area and it is easily accessible by public transport and car.

 

Public transport links are very close to the property. The metro station of Kodály Kőrönd on the line of M1 is right next to the property and the bus stations of several trolleybuses is about 300m distance. The Oktogon station of 4-6 tram is also 700 m far from the property which is operates 24-7.

 

The closest motorway connection is M3 introductory section which is 2 km far while it takes 11 km to reach the Budapest-ring road M0. Liszt Ferenc International Airport Budapest is approximately 22 km distance from the Property (35 minutes driving time).

The property includes a 498 sq m site with a partly demolished historical building. 

 

The remaining parts of the building-the façade and the stairs- are protected. 

 

Originally it was constructed in the 1880s in eclectic style. 

 

According to the town planning regulations of district VI, the future development should be characterised by the following parameters: Eclectic style, GF+2 floors, 16.22 meter building height with an area size of ca. 370 sq m per floor.

 

Based on the information received in 2018, the existing superstructure on title number 29626 measures to ca. 1,100 sq m.

 

The property has an area size of 280 sqm and it is located on the ground floor in the adjacent residential building of the 498 sq m site. 

 

The two areas can be joined together.   

This property has an entrance from Kodály Körönd. 

The inner part of the property needs to be thoroughly refurbished. 

The client would like to convert the two properties to a hotel. 

It would have an entrance from Kodály Körönd with great visibility and public   transport connections.

 

On the ground floor give room to the restaurants, reception, the two upper floors would be occupied with hotel rooms while on the rooftop there would be a bar and swimming pool. 

 

 

About the Area

 

Budapest, Hungary’s capital, is bisected by the River Danube. Its 19th-century Chain Bridge connects the hilly Buda district with flat Pest. A funicular runs up Castle Hill to Buda’s Old Town, where the Budapest History Museum traces city life from Roman times onward. Trinity Square is home to 13th-century Matthias Church and the turrets of the Fishermen’s Bastion, which offer sweeping views.

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