Budapest IX. kerület, Üllői út 21. For sale business-premises with street entrance

Capsule hostel concept near Kálvin Square – two purchase options

A street-front commercial property with two internal levels is for sale at 21 Üllői út, Budapest’s District IX, with plans prepared for a 46-person capsule hostel. Its central location, partially completed technical infrastructure and available plans provide a foundation for developing your own accommodation business.

LOCATION

Nearby Kálvin Square, the M3 and M4 metro lines and the 100E airport bus stop within a two-minute walk make this an ideal location for visitors arriving from the airport.

THE PROPERTY

The two levels offer a combined floor area of approximately 314 m²:

– Ground floor: 161.18 m²
– Upper level on a substantial steel-framed mezzanine: 152.88 m²

Ceiling heights are generally between 2.4 and 2.5 metres.

The property was originally intended to become a dental clinic. The internal steel structure has been built, and installation of the water supply, electrical and building services systems, including ventilation, has begun. Its current condition allows the remaining work to be tailored to the final intended use.

CAPSULE HOSTEL CONCEPT

The accommodation plans provide for 46 guests, a reception area, communal and dining spaces, and bathroom facilities. The capsule layout could offer individual sleeping spaces with shared facilities for guests seeking affordable city accommodation.

Illustrative revenue calculation: with 46 guest places, a rate of EUR 25 per guest per night and an average of 20 occupied nights per guest place per month, annual accommodation revenue could amount to EUR 276,000.

This is an illustrative operating scenario, not existing revenue or a promise of investment returns. The EUR 25 rate includes VAT and excludes tourist tax.

TWO PURCHASE OPTIONS

– On asking price in its current, unfinished condition

– The owner also offers to complete the construction works for a total asking price of HUF 550,000,000, including the property purchase price. The precise scope of works, capsule and equipment specifications, handover conditions, completion date and permitting responsibilities can be discussed separately.

PLANNING AND PERMITTING STATUS

The change of use to accommodation received municipal acknowledgement under the townscape notification procedure. The six-month implementation deadline specified in the decision has elapsed and may be extended upon request.

Please contact me for access to the plans and technical documentation, further details of the two purchase options, or to arrange a viewing.