OKTOGON – ANDRÁSSY út - KIRÁLY utca Triangle
We are offering a truly exciting investment opportunity in the heart of Budapest, in the immediate vicinity of the "Pest Broadway." Located in the 6th district on Hegedű utca, this property features a net floor area of 149 sqm (gross 173 sqm).
The property for sale is situated on the 2nd floor of a two-story building. It consists of an 81 sqm, 2-room classic "polgári" (high-ceiling) apartment in need of full renovation, sold together with the 68 sqm attic space directly above it. The attic is legally integrated into the property’s title deed, so it is already part of the apartment’s ownership. It can be accessed both from inside the apartment and via the attic entrance. The apartment currently has all public utilities and gas-circulating (cirkó) heating; however, it requires renovation, while the attic space is ready for conversion.
The building features a traditional inner courtyard (corridor-access) and is in fair condition, with ongoing maintenance and renovations. Everything is within a 1-2 minute walk, including the Opera House, the Liszt Ferenc Academy of Music, and excellent public transport links.
A major advantage of this property is the unified land registry number . This is a rare find in rooftop development projects, as it eliminates the lengthy and complicated legal procedures with the condominium community regarding the acquisition of ownership rights.
Due to the two-level layout, there are several development options:
1.A grand, two-story duplex: Creating a representative 4-5 bedroom luxury residence.
2.Two independent units: Since the attic is separately accessible, the property can be split into two independent apartments (81 sqm classic apartment and a 68 sqm modern penthouse-style unit). This significantly increases potential returns for Airbnb, long-term rentals, or resale.
The property is available for possession within a short period.
Asking price: HUF 134.9 million.

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