Budapest VII. kerület, Dob utca 74. For sale brick apartment

EXCEPTIONAL OPPORTUNITY IN DOB STREET

Bright top floor apartment in a condominium building with a lift

Budapest District VII, Dob Street

A 55 m², two room apartment with rarely available features is for sale in the vibrant centre of Budapest, only a one minute walk from Erzsébet Boulevard.

• 55 m² floor area

• 2 spacious rooms

• 3.6 metre ceiling height

• Top floor location on the 3rd floor

• Recently renovated lift

• New air conditioning unit

• Can be converted into a three room apartment according to an architectural assessment

• Free of encumbrances and available for immediate possession

THE APARTMENT

The apartment is in good condition and is located on the top floor of a three storey condominium building. Above the apartment is only the attic space beneath the renovated roof.

The current layout consists of two interconnected rooms, a separate kitchen, an entrance hall, a pantry, a bathroom and a separate WC. The impressive 3.6 metre ceiling height creates a generous sense of space and offers additional interior design possibilities.

Thanks to its eastern orientation and top floor position, the apartment receives plenty of natural light. Its windows overlook the inner courtyard, providing a quieter living environment despite the central city location.

The apartment was renovated approximately 15–20 years ago and remains in good condition. A new air conditioning unit was installed two months ago to ensure comfort during the summer.

TECHNICAL FEATURES AND RUNNING COSTS

Heating and hot water are provided by an individual boiler. The apartment has individual utility meters, meaning that consumption is charged according to actual usage.

The monthly common charge is HUF 25,800.

The apartment is currently vacant, free of encumbrances and available for immediate possession. The kitchen furniture, appliances, lighting and other furnishings may remain in the property subject to a separate agreement between the parties.

THE BUILDING

The apartment is situated in a well maintained condominium building constructed around 1900. The facade and inner courtyard are in very good condition. The entrance corridor and the lift were renovated within the past few weeks. The roof was renovated within the last 10 years.

A top floor apartment in a building with a lift represents a particularly valuable combination. Properties offering both the advantages of the highest residential floor and convenient lift access rarely become available in this central Budapest location.

ONE APARTMENT, SEVERAL POSSIBILITIES

For parents purchasing a home for a university student

This apartment may be an ideal choice for parents who would prefer to finance a family owned property instead of paying rent throughout the university years of their child. The central location, excellent public transport connections and nearby services support a convenient lifestyle, while the apartment may remain a valuable long term family asset.

Investment opportunity

An architectural assessment confirms that the current floor plan can be converted into a three room layout. This creates the possibility of establishing more independently usable rooms, which may increase the income potential of the property when rented on a long term basis.

A home for a young couple

In its present form, the apartment offers a comfortable city centre home for a young couple. The high ceilings, bright interiors and adaptable floor plan provide flexibility for changing needs over the years.

As attic space is located directly above the apartment, the possibility of a future extension towards the roof space may also be investigated. Any such development would require the consent of the condominium, an amendment to the deed of foundation, and the necessary technical, legal and authority consultations. The amendment of the deed of foundation is expected to take approximately one year.

LOCATION

The apartment is located in Dob Street, only a one minute walk from Erzsébet Boulevard. This is one of the most vibrant and liveable parts of central Budapest, with everyday services, dining, cultural venues and public transport all within easy reach.

The neighbourhood offers numerous popular cafes, restaurants, pastry shops and bakeries, including Cafe Frei, The Croissant Story, Mazel Tov, Eggi Brunch and Coffee and Time Out Market Budapest. The landmark New York Palace is also within a short walking distance.

Cinema enthusiasts will find Art+ Cinema only two blocks away, while Hunyadi Garden Cinema, Művész Cinema and Uránia National Film Theatre are also easily accessible.

Several major grocery stores are available within walking distance, making everyday shopping convenient.

TRANSPORT AND RECREATION

The 4 and 6 trams, operating day and night along Erzsébet Boulevard, can be reached within one minute. Blaha Lujza Square, Keleti Railway Station and Nyugati Railway Station are approximately 10–20 minutes away on foot or by public transport.

Margaret Island and City Park can be reached in approximately 15 minutes by public transport or within about half an hour on foot.

Margaret Island offers a running track, swimming pools, a small zoo, beautiful vegetation and a musical fountain operating during the warmer months.

City Park is home to Heroes Square, Széchenyi Thermal Bath and Swimming Pool, Budapest Zoo and Botanical Garden, the Museum of Fine Arts, the Museum of Ethnography and the House of Music Hungary.

A RARE OPPORTUNITY IN CENTRAL BUDAPEST

This apartment can serve as a comfortable private home, a valuable property purchased for a university student or an investment with considerable development potential.

The top floor location in a building with a lift, the 3.6 metre ceiling height, the confirmed possibility of conversion into a three room layout and the attic space above the apartment represent a combination of features rarely available in this neighbourhood.

The property is free of encumbrances and available for immediate possession.

Asking price: HUF 79 million

The apartment is well worth viewing in person. I look forward to your enquiry.