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High-yield worker´s dormitory in 1103 Budapest for sale
We are particularly pleased to be able to offer you an interesting investment for sale in the popular 10th district of Budapest.
Location/Traffic/Infrastructure:
The Xth district of the Hungarian capital Budapest is also known as Kőbánya (“quarry”) and is centrally located in the eastern district of Pest.
The Noszlopy Center is easily accessible both via the motorway and by public transport:
• Bus: 151, 117, 217
• Metro: M3 (Kőbánya-Kispest stop)
• Train: Kőbánya-Kispest station
All infrastructure is completely in place.
The workers´ dormitory is an extremely interesting investment property with good returns.
Object description:
The property consists of 3 buildings (hostel, 2 outbuildings 390 m² + 220 m² for storage)
Property size: approx. 8,100 m²
Year of construction: 1960, general interior renovation 2022/2023, constant renovation and maintenance (new technology house 2024, solar system, new windows and roof insulation)
On a total of 8 floors with 24 rooms per level, a total of 192 rooms with a resident capacity of approximately 700 people.
Room division into 2- and 3-bed rooms
Shared wet rooms per floor (8 or 10 sinks/showers/toilet), kitchens, dining rooms
2 central entrances
24/7 reception
8 fully equipped kitchens
8 fully equipped washrooms with 40 washing machines and 8 tumble dryers
72 showers
> 70 toilets
Room facilities::
• JYSK beds (size: 90 x 200 cm, bed inserts, two sets of bed linen)
• Table plus two or three chairs
• Wardrobe
• Refrigerator (160 l, with separate freezer compartment)
• Curtain (base plus blackout)
• LED lighting
• 5 sockets per room
• LED TV with wall console – 12 free channels (Hungarian).
• WIRELESS INTERNET ACCESS
• Central fire alarm, reception, small shop
The annual return is curently 14,3 %.
Well-known main tenant
The selling price is currently 9 million euros + 4 % commission + legal fees + state taxes.
Form of sale: Share deal
We would be happy to present this lucrative investment to you and look forward to your inquiries.
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