WHOLE BUILDING WITH PLOT, CONVERTIBLE INTO A 9-UNIT CONDOMINIUM

Investment Potential:
One of the property's greatest advantages is that conceptual plans have already been prepared for converting the building into a 9-unit condominium, making it an excellent opportunity for residential developers and investors alike. Thanks to its features and prime location, the property is ideal for developing a modern condominium, apartment building, or even a project optimized for long-term rental purposes.

In one of the most sought-after areas of Budapests 20th district, in the center of Pesterzsébet, we offer for sale a highly versatile 1,640 sqm institutional building situated on a 1,179 sqm plot with two separate entrances.
The property is an ideal choice for a company headquarters, business premises, or investors, as it offers outstanding potential for conversion into apartments, serviced apartments, or even a hotel development.

Main Features:
Basement + ground floor + 2 upper floors + converted attic
Currently comprises 52 rooms
Functional layout including reception area, offices, kitchenettes, bathrooms, dining areas, meeting rooms, and storage spaces
Shared areas on the upper floors: lounges, corridors, and sanitary facilities
151 sqm dry basement with excellent storage capacity
Separate 228 sqm annex building currently used as storage
Courtyard parking available for 15 vehicles

Location & Transportation:
The property benefits from an exceptionally advantageous location.
Quick access to downtown Budapest by both public transport and car
Several bus and tram lines nearby
Budapest Liszt Ferenc International Airport can be reached within a short time
Easy access to the M0 ring road and major motorways

Surroundings & Infrastructure:
Shopping facilities within minutes
Industrial and logistics centers nearby, ideal for business operations
Well-developed infrastructure in a dynamically developing area

Possible Uses:
This property is a true multi-purpose investment opportunity.
Office building / company headquarters
Educational institution or school
Workers hostel or hostel accommodation
Healthcare or service center
Development of a 9-unit condominium
Apartment or serviced apartment building
Hotel development project

Do not miss this unique opportunity properties of this scale and with such outstanding features rarely come onto the market in this area!

Reference number: VL075921

Read more