Operating downtown cultural and event venue with a 77-year leasehold right, bar and kitchen infrastructure

For sale in the heart of Budapest’s 5th district, in Belváros-Lipótváros, a unique 352 nm basement premises with a 77-year leasehold right. The property is currently operating as a theatre, and due to its layout and infrastructure, it may be suitable for immediate use as a cultural venue, event space, hospitality concept or other business activity.

One of the key advantages of this property is that the new operator is not taking over an empty space, but an already prepared downtown business venue. The premises include a 40–80-person performance area, dressing room, bathroom facility, several restrooms, a fully equipped bar and a fully equipped kitchen.

The professional ventilation system, hospitality-oriented layout and licence allowing the sale of alcoholic beverages make the property especially valuable for buyers who would like to operate a downtown hospitality, cultural or event venue with a shorter preparation period.

Main features:
77-year leasehold right
Currently operating as a theatre
40–80-person performance area
Dressing room
Bathroom facility
Several restrooms
Fully equipped bar
Fully equipped kitchen
Professional ventilation system
Hospitality licence including the sale of alcoholic beverages
Favourable operating conditions
Downtown location
Flexible business use potential

The property may be particularly suitable for a chamber theatre, stand-up club, private event venue, corporate training centre, gallery, exhibition space, speakeasy-style bar, private club, creative space or another unique downtown concept.

An additional value is that discussions are currently ongoing with the condominium regarding the potential future purchase of the premises, which may represent further long-term value growth potential for the new operator.

This property is a rare opportunity for those looking for a large, already fitted-out basement premises with existing operational infrastructure in downtown Budapest, suitable for cultural, event or hospitality use.

Further information and viewings are available by prior appointment.