Budapest VI. kerület, Jókai tér 6. For sale residential area

**Attic Development Opportunity with Building Permit – Jókai Square, District VI, Budapest**

Attic space for sale at Jókai Square in Budapest’s District VI, owned 100% by a single owner and offered with a valid building permit.

The property comprises attic space registered under **five separate cadastral numbers**, providing the basis for the development project. The separate registration of the units does **not require an amendment to the condominium’s founding deed**.

The investment can be commenced **almost immediately**.

With regard to the condominium building, the installation of a lift and partial façade renovation would be at the developer’s discretion. The building is currently in good condition, and the condominium does not impose any specific requirements on the developer. However, regardless of the quality and positioning of the attic development, the installation of a lift and partial renovation of the building are recommended in order to maximize the marketability and value of the completed units.

The attic has a **concrete slab**, and no structural reinforcement of the foundations is required. A structural engineering assessment and the relevant plans are available.

### Estimated Cost Calculation

* **Land share:** approx. HUF 500,000 / m²
* **Construction costs:** approx. HUF 1.1 million / m²
* **Soft costs:** approx. HUF 150,000–200,000 / m²

The estimated construction cost includes the expenses related to the condominium building, as well as the installation of a new lift.

**Estimated total development cost:** approx. HUF 1.8 million / m²
**Permitted gross floor area:** 541 m²
**Estimated total construction cost:** approx. HUF 974 million

**Estimated average sales price:** HUF 2.8 million / m²
*(conservative estimate)*

### Estimated Sales Revenue

**Estimated gross sales revenue:** approx. HUF 1.515 billion

**Estimated pre-tax profit:** approx. HUF 541 million

For further information, detailed documentation or to discuss the investment opportunity, please feel free to contact me.