Exclusive, Versatile Property in the Palotanegyed District

Attention investors, office seekers, and accommodation operators! We offer for sale an exclusive 214 m² (actually 218 m²) property in the heart of Budapest, in the prestigious Palotanegyed. Located on a one-way street, right next to the Urania Cinema, this property is quiet yet just steps away from the city center’s cultural and business hubs. Its excellent location allows you to enjoy the peaceful environment alongside all the benefits of a downtown setting.

Versatile Usage Options: Currently operating as accommodation with 4 apartments, the property can provide immediate income for investors considering short-term rentals. It previously housed a law office, demonstrating its suitability for office use as well; its elegant high ceilings and representative location make it ideal for a company headquarters or medical practice. The 3.10 m ceiling height and sunny, southeast-facing rooms create a pleasant, spacious atmosphere, whether for office work or hosting guests. With 5 rooms and 4 bathrooms, it can be divided into several separate units or transformed into a community lodging (e.g., a hostel). The property’s legal status is in order, allowing official use as either office space or accommodation.

Modern Renovation and Condition: Situated in a 1948-built classic residential building, the property underwent a complete renovation in 2023. This included replacing water, electricity, and gas lines, installing a new modern central heating system, and replacing all doors and windows. Thanks to this renovation, the apartment’s technical and aesthetic condition is excellent, the building’s facade is also in great shape, and the common areas are well maintained. A secured staircase and a passenger elevator further enhance the property’s value and comfort.

Key Features:
Floor area: 214 m² (actual 218 m²)
Rooms / Bathrooms: 5 bedrooms / 5 bathrooms
Year built: 1948 Renovation: 2022 (wiring, heating system, doors and windows replaced)
Orientation: Southeast, sunny
Ceiling height: 3.10 m
Building: Classic condominium with secured staircase and elevator
Current use: Accommodation with 4 apartments (formerly law office)
Use potential: Ideal as office space, divided into multiple apartments, or community lodging
Condition: Renovated, ready for immediate use
Location: Budapest VIII district, Palotanegyed, quiet one-way street, excellent public transport and infrastructure nearby

This property is a rare opportunity on the market, as its features are attractive from every angle for investors. Its versatility, premium location, and modern condition guarantee lasting value and outstanding return potential. Don’t miss this exclusive offer—properties with such advantages in the city center only become available on exceptional occasions!