[WITH VIDEO TOUR!] You can explore the true spaces, premium atmosphere, and the perfect tranquility offered by the inner courtyard in detail through the exclusive video walk attached to this listing. Please look for Capybara Homes’ professional property presentation on the listing page by clicking the video icon among the images.

The vibrant Andrássy Avenue and a peaceful island of calm – Your new home awaits at Avenue Gardens!

Experience the authentic Budapest lifestyle in a luxury environment where a historic location meets top-tier interior design quality.

An exceptional opportunity in one of Budapest’s most sought-after locations. Situated on Andrássy Avenue, a UNESCO World Heritage site, Avenue Gardens residential complex blends the refined style of bygone eras with modern luxury, offering both classically renovated and newly built residences. Located at Andrássy út 68, the former neo-Renaissance palace once serving as a school has been fully restored to its original splendor.

Apartment Features

The property is situated on the 6th floor. The apartment is 47 sqm with a 2-room layout and includes a 4 sqm terrace. The rooms overlook the inner courtyard, ensuring quietness and privacy despite the city’s hustle and bustle. The open and spacious design, abundant natural light, and optimal space planning thoughtfully serve the future owner’s needs. The apartment comes with a private garage priced at 20 million HUF and a storage unit available for 7 million HUF.

Building History and Architecture

Originally built in 1878 as a private palace, the building has been reborn as a luxury residential home. The main building, protected as a historic monument, radiates unique elegance: the grand staircase and foyer have been meticulously restored to their historical beauty. The harmonious blend of old and new creates a unique, upscale atmosphere. Thanks to Avenue Gardens’ prime location, all of Budapest’s cultural, business, and culinary centers are easily accessible.

Utilities and Condominium Information

• Utility costs are billed based on actual consumption recorded by meters.

• There is no separate gas meter for apartments; cooling and heat meters measure energy usage in gigajoules (GJ).

• Electricity consumption is contracted directly between owners and the service provider.

• The common charges for apartments are calculated per square meter, amounting to 776 HUF/sqm/month, which has increased by 5% this year.

• Common charges for underground garages and storage units are fixed per unit: garages cost 8,500 HUF/month and storage units 3,650 HUF/month.

• Planned renovations for this year and upcoming years include boiler replacement, facade and main entrance refurbishment, modernization of fire alarm and access control systems, restoration of wooden surfaces in the courtyard, and repainting of common areas.

• These works are financed through special contributions. This year, 90 million HUF is planned to be collected, distributed among owners according to ownership shares.

• The complex consists of two separate condominiums: Avenue Gardens I. (Amadeus, Bartók, and Chopin staircases: 41 apartments, 20 storage units, 57 garages, 1 commercial space, and 2 warehouses) and Avenue Gardens II. (Debussy and Erkel staircases: 36 apartments, 59 storage units, 60 garages, and 2 commercial spaces).

Premium Services of the Luxury Condominium:

• Apartments offer premium equipment, ideal for both personal residence and investment purposes.

• Impressive ceiling heights allow for exclusive interior design solutions.

• Enclosed, private corridors ensure tranquility instead of traditional open-air walkways.

• A camera surveillance system, 24/7 security service, and a modern access control system guarantee an uninterrupted exclusive living environment.

• Hotel-level comfort is available to residents, including optional laundry and cleaning services.

• Between the buildings, a quiet Japanese garden provides a peaceful retreat away from the city’s vibrant energy.

• Storage units and underground parking spaces are located on three basement levels, offering convenient and secure parking.

• Heating and hot water are provided by a boiler scheduled for replacement this year.

• Cooling and heating operate via a fan coil system (cooling uses a heat pump solution). The seasonal switch is weather-dependent and centrally controlled, typically occurring at the end of April and in October.

• Utility consumption is billed monthly based on meter readings by a modern remote reading software alongside common charges.

Legal and Ownership Details

• According to the Founding Deed, balconies and terraces count as 50% of their area toward ownership shares (not directly included in the apartment’s floor area). For subunits, the net apartment size and terrace size are listed separately.

• Important for long-term residents and traditional rental investors: at the condominium owners’ meeting on May 27, 2019, short-term rentals such as Airbnb were expressly prohibited, ensuring maximum peace for residents.

This property is more than a home – it’s a lifestyle. Featured in CapybaraHomes’ premium portfolio, this apartment is the perfect choice for those seeking classic Budapest living combined with 21st-century modern comfort.

CapybaraHomes – Professional Property Financing and Legal Support for Everyone! Buying property with a loan? We’ve got you covered!

In cooperation with our strategic banking partners, CapybaraHomes clients enjoy full loan administration services free of charge. We guarantee the best terms and a smooth process for a successful transaction.

Exclusive Legal Support

International sale? We are committed to seamless handling! We provide discounted, comprehensive legal services.

Our experts are prepared for:

• Multilingual Contracts: A specialized service for foreign clients, ensuring precise documentation compliant with international legal standards.

• Interpretation services: Available upon request to overcome language barriers and ensure smooth transactions and legal clarity.

Choose CapybaraHomes’ professional partner network: we guarantee both financial and legal security! Don’t leave your questions unanswered!

Start selling or buying your property today! Contact us for details and request your free consultation.