Commercial property 2 451 m² in Budapest, Hungary
Hungary, Budapest
€3,50M
Location
Property characteristics
Property parameters
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Total area2 451 m²
Description
Executive Summary:
Overview
We are presenting a unique opportunity to invest in a prime real estate asset located in the thriving Corvin district of Budapest. This multi-use property spans a total area of 2,943 sqm, incorporating a principal building of 2,451 sqm complemented by an additional 492 sqm granted under free usage rights. This investment promises substantial returns facilitated by its strategic location, significant recent upgrades, and robust long-term leasing agreements denominated in EUR.
Key Investment Highlights
Location and Accessibility: Situated in Budapest’s dynamic Corvin district, the property benefits from excellent visibility and accessibility, enhancing its commercial appeal and tenant demand.
Physical Assets: The property consists of versatile office, event, and storage spaces. Recent renovations have modernized the infrastructure, elevating the asset to contemporary commercial standards.
Financial Performance: The asset generates a stable and predictable revenue stream, underpinned by long-term leases with reputable tenants. The leases are indexed to the Euro, providing inflation protection and currency stability.
Development Potential: A key value-add opportunity is presented by the undeveloped attic space, measuring approximately 1,151 sqm. This space offers potential for significant revenue generation through development or sale, with the current ownership poised to benefit substantially from the capital gains.
Projected Financial Returns: This investment is offered below market value, which accelerates the potential for capital appreciation. The expected payback period is within 8 years, with additional upside potential from the development of the attic space.
Sustainability Initiatives: Planned installations of a photovoltaic system not only align with global sustainability trends but also promise significant operational savings and an enhanced property valuation through improved energy efficiency.
Conclusion
This asset offers a compelling investment opportunity with its combination of stable income, capital growth potential, and strategic positioning in one of Budapest’s most sought-after districts. The property’s diverse revenue streams and significant upside potential make it an attractive proposition for investors seeking a robust entry into the Budapest real estate market with expedited return on investment and long-term value creation.
For further details and to arrange a viewing, potential investors are encouraged to contact the managing entity directly. This is an exceptional opportunity to capitalize on the economic vitality of Budapest’s real estate market through a well-positioned, high-potential asset.
Posted at: 02/05/2024
Updated at: 16/05/2024
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Hungary, Budapest
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