Budapest IV. kerület, Csányi László utca 34. For sale office space in office building

• Income-producing, multi-let boutique office building for sale in Újpest, Budapest District IV, in the immediate vicinity of the Váci Road office corridor
• Completed in 2007, Alfa HUB Office 4 comprises of three separate but interconnected buildings, with a total gross lettable area of 3,923 sq m
• The property provides immediate cash flow through a diversified tenant base consisting primarily of small and medium-sized enterprises

LOCATION
• 34 Csányi László Street, 1043 Budapest, District IV
• Excellent location in Újpest, in a predominantly residential environment close to the Váci Road office corridor
• The Újpest-városkapu station on Metro Line M3 is approximately a five-minute walk away
• The Tél utca / Pozsonyi utca stop served by tram lines 12, 12A and 14 are also easily accessible
• The surrounding area offers a wide range of retail and service amenities, grocery stores, pharmacies and restaurants, the Újpest Market Hall and the shops of Árpád Road and Szent István Square

KEY DATA
• Topographical lot number: 70496/1
• Year of completion: 2007
• Total gross lettable area: 3,923 sq m
• Current vacancy rate: 14.7%
• Number of on-site parking spaces: 27

BUILDING AND TECHNICAL SPECIFICATIONS
• Three-storey boutique office building comprising of three interconnected building sections
• One main building, two newly constructed wings and a basement level beneath the main building
• Regularly maintained property in good technical condition
• Two passenger lifts
• Basement and ground-floor storage units served by freight lifts and a loading ramp
• Reception and 24/7 security service
• Cooling: a mixed system comprising central liquid chillers and split air-conditioning units
• Heating: district heating system
• LED lighting

TENANCY
• Diversified tenant mix consisting primarily of small and medium-sized enterprises and start-ups
• Euro-denominated lease agreements
• Most lease agreements are open-ended, typically with a 60-day notice period
• Operating costs are fully recoverable from tenants through monthly service-charge reconciliation

DEVELOPMENT POTENTIAL
• Subject to the approval of new zoning regulations, the building may potentially be converted into residential use
• A potential residential development could provide approximately 2,600 sq m of saleable area and around 40–42 apartments

The stated price is indicative. To arrange a site visit, please contact us.