For sale underground garage space
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Condition of the real estate
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like new |
|
Year of construction
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between 2001 and 2010 |
|
Number of parking spaces
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not provided |
|
Condition of the real estate
|
like new |
|
Year of construction
|
between 2001 and 2010 |
|
Number of parking spaces
|
not provided |
Description
For sale: 20 parking spaces in a garage in Zugló, next to the Keleti Railway Station and Puskás Ferenc Stadium. The spaces are for sale with tenants, but the contracts can be modified freely with one month’s notice.
Paid outdoor parking is required in this area, and the construction of new parking spaces is not possible. It is nearly impossible to find parking nearby, and parking is prohibited on the main roads (Thököly-Dózsa György-Keleti).
The property generates an income yield of 7-7.5%, plus the increase in property value (which has exceeded inflation over the past five years). The property price keeps pace with inflation and provides real income.
For this price, you can currently buy a 50-70 m² apartment, which yields about half of what the garages do, and we haven’t even considered the necessary owner maintenance costs during renting (heating, windows, air conditioning, renovations after tenants) or the risks of tenant non-payment. Such issues do not exist with the garages; the common costs (paid by the tenant) cover all maintenance expenses, and the tenant can be evicted at any time with no outstanding utility debts.
This is a rare opportunity to buy this quantity of garages in one package, providing you with guaranteed income without any work!
With a suitable offer, the above quantity can be expanded by an additional 20 units.
So:
- Annual real yield of 7-7.5%
- Valid rental contracts
- No damage or utility debts
- No maintenance
- Prices (and rental fees) are steadily increasing
- If one tenant gives notice, the rest of the income still comes in
I look forward to your esteemed inquiry.