Osvát utca, 29 m²
Budapest, District VII, Osvát utca
HUF 39M
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- HUF 39Mprice (fixed)
- 29 m²floor area
- HUF 330kexpected monthly rent
- 10.2%estimated gross yield
About the property
On Osvát utca, we are offering for sale a penthouse-style commercial property with a special atmosphere, which will be handed over with a modern, well-thought-out layout after a full renovation.
Prime location: the property is close to the world-famous New York Café, in one of Budapest's best-known and liveliest downtown neighbourhoods.
A small sanitary room, a kitchenette and a furnished multi-purpose room will be created in the property, resulting in a practical, attractive space ready for immediate use. The purchase price also includes the full renovation, so the new owner can take possession of a renewed, up-to-date property.
The favourable location of the area and the nearby shops, services and public transport links further increase the property's appeal, making it a noteworthy opportunity as a long-term investment too.
The property has a separate entrance and its own utility meters, making it easy to use and maintain. During the full renovation, the electrical, water and drainage systems were renewed, and modern waterproofing technology was applied.
The modern, fully equipped sanitary room is included in the purchase price. The practical layout and high-quality interior provide a comfortable, highly usable space.
The contractor provides a 1-year warranty on the renovation work carried out, which offers additional security for the future owner.
An excellent opportunity for those looking for a renovated, penthouse-style property with a unique atmosphere, a favourable location and a modern layout!
Property under renovation. Instead of photos, we show the planned floor plan. The floor plan is for information only; the final layout will follow the technical specifications agreed in the contract.
Key details
- Reference
- B34
- Location
- Budapest, District VII, Osvát utca
- Floor area
- 29 m²
- Classification
- Commercial unit
- Layout
- Multifunctional commercial unit
- Condition
- Under renovation
Payment and financing
Instalments · HUF 20–40 million
Up to 24 months
Instalments over up to 24 months, by individual agreement.
The initial payment, the total purchase price payable and the payment schedule are set out in advance in the contract.
Non-residential classification
Property classification: Commercial unit. We do not restrict how properties classified as non-residential may be used.
An investment that works for you every month
Once you buy, there is nothing more to do about the renovation: the finished property can be let, and the rent arrives every month. An estimated gross yield of 10.2% is an outstanding ratio on the Budapest property market.
- Price (fixed)
- HUF 39,000,000
- Price per m²
- HUF 1,344,828
- Expected rent
- HUF 330,000/month
- Estimated gross yield
- 10.2%
The amount shown is the expected monthly rent at which the property can be let once it is completed and furnished.
Indicative calculation – excluding utilities, taxes and void periods.
Location
Budapest, District VII, Osvát utca · the exact address will be confirmed at the viewing
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