Budapest District VI, Teréz Boulevard – Two Separate Apartments, One Ownership, Outstanding Investment Opportunity Between Oktogon and Nyugati Square

We are pleased to offer for sale a unique investment property located in one of the most sought-after and vibrant parts of Budapest’s 6th district, at Teréz Boulevard 28. The property has a total floor area of 75 sqm and consists of two separate apartments with independent entrances, providing an exceptional opportunity for investors and those building a high-performing urban real estate portfolio. Although the two units are registered under a single title deed, they function entirely independently, offering dual income potential.

ABOUT THE AREA:
The location of the property is truly outstanding, situated between Oktogon and Nyugati Square, in one of Budapest’s most dynamic and best-serviced urban environments. The surrounding infrastructure is excellent, with all essential daily services, shops, restaurants, cafés, pharmacies and retail options available within immediate reach. Public transportation is exceptional, with multiple metro, tram and bus lines providing fast and convenient access to all parts of the city.

The famous Andrássy Avenue is located nearby, along with numerous cultural institutions, theaters, cinemas and galleries, as well as major shopping centers. As a result, the location guarantees continuous and stable demand, not only for owner-occupation but also from a rental and investment perspective. The lively nightlife, proximity to universities and the downtown lifestyle make the property particularly attractive to young professionals, university students and international tenants alike.

ABOUT THE BUILDING:
The condominium building is well-maintained, in good overall condition and enjoys a strong and stable financial background, significantly supported by the busy SPAR supermarket operating on the ground floor. This commercial unit provides the building with regular income and tangible long-term advantages. The building is equipped with an elevator, renovations are carried out on an ongoing basis, and the residential community is cultured, attentive and quality-oriented. The general condition and atmosphere of the building are clearly above average for the area.

This combination — a financially stable condominium, a well-organized residential community and a properly maintained building — represents a secure long-term environment from both an ownership and investment standpoint.

ABOUT THE PROPERTY – TWO APARTMENTS, ONE INVESTMENT:
The property is located on the 4th (top) floor of the building and is accessible by elevator. Both apartment entrances open from the circular corridor. The total 75 sqm floor area has been divided into two fully independent apartments, each with its own private entrance. The usable living space is further enhanced in both units by large, standing-height mezzanine levels, which together add approximately 20 sqm of additional usable area.

The entire property underwent a comprehensive technical and aesthetic renovation 4–5 years ago, during which all wiring, surfaces and fixtures were fully modernized.

The Larger Apartment:
The larger unit can be functionally described as a two-room apartment. To the right of the entrance is a spacious, bright room currently serving as the living area, with a mezzanine above that can comfortably function as a bedroom. Opposite the entrance is a generously sized bathroom equipped with a bathtub, washbasin and toilet, and next to it a separate guest toilet was also created. Both sanitary rooms benefit from natural light and windows.

To the left, the apartment opens into a large kitchen–dining area, where up to six people can dine comfortably. The kitchen is fully equipped with all necessary appliances, household equipment and ample storage space. Above the kitchen, an additional mezzanine has been created, currently used as a sleeping area, but easily adaptable as a guest room or home office. From the kitchen, a second bathroom with a shower is accessible, a rare and highly practical feature.

The Smaller Apartment:
The smaller unit features a room, kitchen, bathroom and mezzanine layout. It offers a warm atmosphere, modern furnishings and a thoughtfully designed interior. The mezzanine accommodates a comfortable double bed, while the lower level includes a bright living area with a convertible sofa, a work and dining corner, and an entrance area. Thanks to the large windows, the apartment is bright and inviting.

The kitchen is fully equipped and mechanized, with all necessary appliances and utensils. The shower bathroom includes a washbasin and toilet and features a window for natural ventilation. Overall, this apartment is an excellent choice for one or two occupants, even for long-term rental purposes.

TECHNICAL FEATURES AND COMFORT:
Both apartments are equipped with electric heating systems, providing economical and easily controllable operation. In addition to heating panels, cooling-heating air conditioning units have been installed in every room, ensuring year-round comfort during both winter and summer months. The property is fully surrounded by heated units, and apartments are also located above in the attic level, contributing to low utility costs. Despite being courtyard-facing, the apartments are particularly bright thanks to their top-floor positioning.

INVESTMENT POTENTIAL:
The property represents an outstanding investment opportunity. The two apartments can be rented out independently or simultaneously, either as long-term rentals or mid-term accommodation for university students and young professionals. Based on the location, layout and condition, a total monthly income of EUR 2,000–2,500 can be realistically and sustainably achieved, resulting in an excellent return relative to the purchase price. The full furniture and equipment package can be purchased by agreement, allowing the new owner to acquire a turnkey, income-generating property without the need for further investment.

Purchase price: HUF 124,900,000
Estimated yield: 7% – 9%
Estimated payback period: 11–13 years

The property is exclusively available through the Buda Prime Real Estate Group. Our company provides a full range of management services to ensure maximum utilization of the property.

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