Siófok, Erkel Ferenc utca 21. For sale weekend house

A holiday property classified as “weekend house with yard” is offered for sale in Erkel Ferenc Street, Siófok, located just 350 metres from Lake Balaton and the sailing marina, in an excellent location.

The property is 100% owned by MOL Nyrt. and has a clear legal status. It is offered for sale free of encumbrances.

The building is situated on a fully serviced 857 m² plot designated as a VT zoning area and previously functioned as a holiday facility of MOL Nyrt.

The building has a brick load-bearing structure, a gable roof and tiled roofing.

Its total net floor area is 282.3 m², with a reduced floor area of 218.85 m².

Layout:

Upper floor: 3 separate apartments, each with its own bathroom and kitchen/kitchenette
Ground floor: communal areas, one room, a toilet and a kitchen. Due to their current layout, these areas cannot be rented out as a separate apartment; however, they offer additional utilisation potential following conversion
The boiler room is accessible from outside the building
In addition to the main building, the plot includes a small wooden outbuilding, currently used as a tool storage facility

Key Advantages:

excellent location within walking distance of Lake Balaton
large floor area divided into multiple units
ideal for holiday accommodation, hospitality operations or investment purposes
due to its layout, also highly suitable for large families or multi-generational living
stable legal background and clear ownership structure

The property represents a value-retaining investment opportunity in one of Siófok’s prime resort areas, suitable for both corporate and private use.

The VAT treatment applicable to the sale of the property depends on the purchaser’s tax status and the tax regulations applicable to the transaction. The asking price does not include any VAT that may be charged.

VAT treatment (for information purposes only):

If the transaction meets the conditions for reverse charge VAT and the purchaser is a taxable person registered for VAT purposes in Hungary, the seller will not charge VAT on the HUF 191,000,000 purchase price. The purchaser will be responsible for declaring and paying the VAT. The amount of VAT to be declared by the purchaser is HUF 51,570,000, which may be deductible if the conditions for the right of deduction are met.
If the purchaser is not a taxable person registered for VAT purposes in Hungary, or is not a taxable person (e.g. a private individual), and the sale is subject to VAT on the seller’s side, 27% VAT, amounting to HUF 51,570,000, will be charged on the net purchase price of HUF 191,000,000. In this case, the gross purchase price will be HUF 242,570,000.

Detailed information regarding the property may be requested from the Property Management Department of MOL Nyrt.
(1117 Budapest, Dombóvári út 28., Hungary).