Characterful Period Property in Central Miskolc with Residential, Office and Development Potential

A distinctive 553 sq m mixed-use property is offered for sale on Rákóczi Ferenc Street, in the historic centre of Miskolc. The property currently accommodates both residential and office functions.

Believed to have been built in the late 18th century, originally as the residence of a Greek merchant, the property is situated approximately 500 metres from the city’s main pedestrian street, close to public institutions, educational facilities, cultural venues and residential buildings.

The traditional brick-built property comprises a fully basemented street-facing wing, a ground floor and a first floor. The courtyard wing also extends over the ground and first floors, with external access corridors and terraces at first-floor level. The building underwent its last major refurbishment around 2005.

Key property details
- Site area: 391 sq m
- Total net floor area: 553 sq m
- Ground floor: 198 sq m
- First floor: 247 sq m
- Basement: 108 sq m
- Approximate lettable office area: 262 sq m
- Approximate lettable residential area: 109 sq m
- Current layout: 2 office units and 2 apartments

The two offices and two apartments have been configured as separate units. Each unit has its own utility meters and independent heating system, providing a suitable basis for continued mixed-use operation or a potential future subdivision into separate condominium units.

The offices are located in the street-facing wing and are in good technical condition. Both office units include fitted kitchens. A fan-coil system has been installed in the ground-floor premises, while the first-floor offices are partly air-conditioned. The offices are also equipped with alarm systems, separate gas boilers on each floor and radiator heating.

The courtyard wing contains one apartment on each floor. Both apartments have their own gas-fired combination boilers, radiator heating and separately metered utilities. The first-floor apartment is in average condition, while parts of the ground-floor apartment require refurbishment.

Development potential

According to the available documentation, the owner holds a building permit for the conversion of the property into a seven-apartment residential building, including an extension into the attic space. This may make the property particularly attractive to residential developers and long-term investors.

Retaining its current layout, the property may be suitable for:
- use as a corporate headquarters or institutional centre;
- the parallel letting of office and residential units;
- use as a medical practice, healthcare or educational centre;
- an apartment or residential development;
- the separate use or sale of the individual units following conversion into a condominium.

The property benefits from full utility connections. The two offices and two apartments each have separate water, gas and electricity meters.

Public transport connections are convenient, with bus and tram stops located within approximately 200–400 metres, while the M30 motorway is around 5 kilometres away. Parking is primarily available in the surrounding paid public parking zones, and vehicle access and parking within the courtyard are limited.

A rare opportunity in central Miskolc for investors, developers or owner-occupiers seeking a characterful historic property with a flexible mixed-use layout and further development potential.