House 13 rooms 495 m² Budapest, Hungary

GreenVista Residences! EXCLUSIVE OFFER IN THE XII. DISTRICT'S PREMIUM GREEN BELT! The project presents a detailed plan for real estate development in the 12th district. Now, let's analyze the key numbers and information in detail: Net floor area: 1200 square meters. Buildings: Two buildings are planned - two 3-story buildings in the street-front building and 5 apartments in the rear building. Height: The buildings will be 7.5 meters high. Elevator: A lift will lead from the underground garage to the building. Garages: 18 underground garages are planned, which can be sold at a unit price of 15 million forints. A total revenue of 270 million forints is expected from the garages. Storage units: 20-21 storage units are planned, ranging in size from 7 to 10 square meters, and they can be sold at a price of 800-900 thousand forints per square meter. This will generate an additional 130-150 million forints in revenue. Cost of the underground garage: The expected cost of the underground garages is 150-180 million forints. Gross selling value: The gross selling value of the properties is 3.3 billion forints, calculated at a price of 2.5 million forints per square meter. Land and demolition costs: The land and demolition costs are approximately 625-645 million forints. VAT: The construction is planned with a 5% VAT rate. Expected net revenue: The combined revenue is expected to generate a net revenue of 1.2-1.4 billion forints over 2 years. This real estate development is an ambitious project aiming for a high gross value. The low VAT rate, the sale of garages and storage units, and the high per-square-meter price of the properties all contribute to the project's profitability. The construction and demolition costs are significant factors affecting the total revenue. It is important to further analyze the detailed costs and revenue of the project and carefully consider market conditions and risks. In the XII. district, we present a unique opportunity for those who want to combine urban living with the tranquility of nature. We offer for sale a stunning property with panoramic views, situated in a peaceful, old-growth forest environment. The property spans 2319 square meters and includes a currently structurally sound but renovatable five-unit condominium with a basement. In front of the property, there is a 230 square meter office space spread over two levels, offering a breathtaking view towards the street. The building is currently unoccupied but holds numerous possibilities. With the demolition of the existing structure, a new condominium can be built, allowing your imagination to run wild. The property is easily accessible by both car and public transportation, making it an ideal choice for those who want to enjoy city life while residing in a calm, green setting. We particularly recommend this property to investors who can see the potential it holds, but we are also here to assist anyone interested in realizing their own vision. If you have any questions or would like to personally view the property, please do not hesitate to contact us with confidence.