Operating Apartment House for Sale at Lake Balaton – 5 Units, Stable Yield, Immediate Revenue

Not a plan. Not a construction site. Not a future promise. But an already operating investment.

We are offering for sale a modern, fully equipped apartment house consisting of five units in one of Balatonlelle's most popular holiday resort areas, close to the BL Yacht Club and Lake Balaton.

The property currently operates as a functioning accommodation business with a long-term management contract, excellent guest reviews, and stable income.

The new owner will receive the operating business model from the day of purchase, or can continue operations according to their own vision starting from the next season.

Key Facts & Figures:
Purchase price: 270,000,000 HUF + VAT
All furnishings and equipment included in the purchase price
5 independent apartments (2 studio apartments, 2 two-room apartments, 1 penthouse)
205 m² total net living area
83 m² terrace area
Approx. 100 m² green area with built-in irrigation system
533 m² plot
Every apartment is fully furnished
Fully equipped with appliances
1 parking space per apartment (included in the purchase price)
Electric gates with code access
Operating accommodation management
Excellent guest reviews (Google: 5*, 8.7 – Fabulous)

Stable income from day one.
The apartment house currently has an active management contract.
Regardless of the season, the operator pays a fixed monthly fee to the owner, providing a guaranteed annual rental income. This ensures an initial annual yield of 4.44% relative to the purchase price.
It is important to highlight that this setup is completely independent of the actual occupancy of the apartments: the owner receives a fixed monthly rent, while the management tasks and business risks are borne by the operator.
If the new owner decides to manage the property themselves in the future, a significantly higher yield can be achieved with adequate occupancy and efficient management.

Why is this project special?
This building is not a new investment project.
There is no need to wait for construction.
There is no need to finance construction risks.
There is no need to wait months for occupancy permits.

The building has been operating for six years, so any initial teething problems have already surfaced. Currently, one construction flaw is known: due to inadequate drainage, the waterproofing and tiling of two terraces need renovation, with an estimated cost of 6–8 million HUF.
Apart from this, the property is in excellent condition, fully furnished, ready for immediate use, and can be handed over complete with everything down to the bed linen while generating income.

The investor can choose from three different strategies:
1. Passive Investment
Continue the current management contract under unchanged conditions and receive a fixed monthly rental income, while all operational tasks and business risks remain with the operator.

2. Self-Management
The new owner takes over the management of the apartments, allowing for higher yields than the current fixed rental structure through optimal occupancy and efficient operation.

3. Value-Add Development Strategy
The building was originally designed as independent apartments; if the new owner converts it into a condominium structure (sub-registering the units) and installs separate utility meters, the apartments can be sold as individual properties. This strategy not only provides greater flexibility for the owner but also carries significant long-term value-appreciation potential.

Important Comparison
Today, square meter prices for newly built apartments at Lake Balaton often move at a similar price level.
However, with those, you typically have to account for significant additional costs beyond the purchase price:
Mandatory purchase of underground or outdoor parking spaces
Kitchen furniture
Kitchen appliances
Full furnishing
Complete equipment required for short-term rentals
Lighting
Irrigation system

In this project, all of the above is already included in the purchase price.
The buyer purchases a ready, operating, fully equipped apartment house that can be used or managed further immediately after the transaction.

Next Step
The value of this type of investment is not determined solely by the price per square meter, but by the operating business model, stable income, and future development potential combined.
If you would like to understand how this project can fit into your own investment strategy, let’s schedule a personal consultation.

Detailed documentation and financial background materials are provided for serious prospective buyers.

Balázs Kovács
The Hunters Real Estate Agency