DISTRICT V · DOWNTOWN BUDAPEST · PROPERTY FOR SALE · PETŐFI SÁNDOR STREET · 123 SQM · HIGH CEILINGS · TWO-UNIT POTENTIAL · VALUE-ADD INVESTMENT!

Budapest’s 5th district, Petőfi Sándor Street 10 offers a 123 m² first-floor property for sale. Currently, it consists of 3 rooms, a large foyer, kitchen, and two bathrooms, and is registered as office space.

After rezoning, the property can be converted into residential use, offering strong investment potential.

WHY IS THIS INTERESTING FOR INVESTORS?
- This property is not a finished product but a strategic opportunity:
- priced as office → can be sold as residential
- rezoning achievable → value increase
- large floor area → two units can be created
- central location → stable demand (rental / resale)

LEGAL & TECHNICAL BASICS
- title deed: office
- condominium deed: does not prohibit change of use
- residential use: supported in the building
- rezoning: can be done with a simple general meeting vote

Practically, this means the property can be fully positioned as a residence, and the rezoning is a manageable, transparent process.

DEVELOPMENT CONCEPT
Current condition:
- 123 m²
- 3 rooms + large foyer
- 4.2 m ceiling height

Possible directions:
1. Premium apartment
- 4-room layout
- generous spaces
- for personal use or resale

2. Two-apartment layout (highly recommended)
- one larger + one smaller unit with a gallery
- separately usable
- better yield optimization

The floor plan shown in the ad illustrates a single apartment version, but the size and layout allow the creation of two separate apartments.

INVESTMENT CALCULATION (GUIDELINE)
Due to its current status, the property is priced as office space, while the location and features allow the development of a high-end residential product.

Possible strategy:
- rezoning + renovation
- creating two apartments (approx. 70–80 m² + 40–50 m²)

Market conditions (5th district):
- renovated, good quality apartments: approx. 2.0–2.4 million HUF/m²
- premium finishes can command even higher prices

Result:
- rezoning alone generates value increase
- two smaller units can achieve a higher price per m²
- yield can be optimized through separate sales or rentals
- this is a classic value-add project where profit comes from repositioning and conversion.

CONDITION
- usable in current condition
- significant value increase achievable with renovation
- floor plan easily adaptable

BUILDING & LOCATION
- 5th district, prime city center location
- historic condominium
- well-maintained, clean common areas
- ongoing maintenance
- renovated elevator

Viewings by appointment only.

This property is available exclusively through our offer.
For more information, floor plans, or detailed calculations, please contact us with confidence.

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