Budapest VII. kerület, István utca 16. For sale business-premises with street entrance

Excellently located, renovated double property in the 7th district – apartment and business premises in one!

6.8% yield!
The current lease agreement can be terminated within 2 months upon request.

Property with special features for sale in István Street, 7th district, in the immediate vicinity of the University of Veterinary Medicine: The property has two separate entrances and consists of a freshly renovated apartment of approx. 37 sqm and a business premises of approx. 38 sqm with street entrance (property sheet: 42 sqm + mezzanines).
This property offers an excellent opportunity for all those who are looking for a centrally located property with high yield potential that can be moved into immediately or rented out.
The apartment can be accessed from the ground floor, via a separate entrance. It underwent a complete renovation a year ago, and the electrical network has already been upgraded to modern standards. The apartment is fully equipped and has been rented out to foreign university students in the past at high profit. Heating can be done with a gas convector and a cooling-heating Gree air conditioner.

The other unit of the property is an approx. 38 sqm business premises with a street entrance. The business is currently rented out profitably and operated as a beauty salon. The salon is comfortably cooled and heated by 2 Gree air conditioning indoor units.

This arrangement is extremely advantageous, as the two units can be used completely independently of each other, rented out, or even used for different purposes.
The property is particularly ideal for entrepreneurs who want to live next to their future business, or for investors who are looking for an above-average return. The two independent units generate income from two separate sources, currently with a total yield of 6.8%.

Important information: The apartment is registered as a business premises/other premises on the property sheet, so it cannot typically be financed with a bank loan for residential use. The property is equipped with separate electricity and water sub-meters, which allows for accurate and clear settlement of utility costs.

The transportation and amenities of the area are excellent: the bus stop is located in the immediate vicinity, the Keleti Railway Station is just a few minutes' walk away, and the City Park is not far away.
The apartment is for sale fully furnished (including all electrical appliances).
VIEWING: For further information and to arrange a viewing, I am also available on weekends and in the evenings.