Budapest X. kerület, Kada utca For sale place of business

YOUR OWN BUSINESS PREMISES AND STABLE RENTAL INCOME IN ONE LOCATION – IDEAL FOR INVESTORS AND BUSINESSES!

We are offering for sale a multifunctional, income-generating commercial property complex situated on a 3,823 m² plot in Kőbánya-Óhegy, Budapest's 10th District. The property presents an excellent opportunity for both owner-occupation and investment purposes.

The premises are accessible from two separate streets through independent entrances. The existing buildings accommodate a variety of functions, including offices, retail, warehousing, workshops, and other commercial and service activities.

KEY PROPERTY DETAILS:

Plot size: 3,823 m²
Ground-floor building area: 1,245 m²
Covered storage area: approx. 195 m²
First-floor area (requiring renovation): approx. 120 m²
Basement: approx. 95 m²
Parking capacity: approx. 70 vehicles
Access: Two separate entrances from two streets

EXISTING RENTAL INCOME – GROSS YIELD EXCEEDING 7%

The property is an operational commercial site, with a significant proportion of its premises currently leased to tenants.

Approximately 85% of the ground-floor building area is currently leased to a diverse range of retail, office, warehousing, and service businesses.

One of the property's major tenants holds a lease agreement valid until September 2030, while the remaining leases have varying terms, providing flexibility for the future owner.

Based on the current rental income and the advertised asking price, the property generates an annual gross rental yield exceeding 7%.

ADDITIONAL INCOME AND DEVELOPMENT POTENTIAL

One of the property's key advantages is its potential for further rental income growth.

The enclosed courtyard provides parking capacity for approximately 70 vehicles, with 28 parking spaces currently under lease agreements. The vacant building areas offer additional leasing opportunities. A concept plan is also available for converting an unoccupied section of the property into smaller, individually rentable storage units.

Part of the premises can also be used for the owner's own business operations while maintaining rental income from the remaining areas.

LOCATION

The property is located in Kőbánya-Óhegy, a mixed-use area of Budapest's 10th District, characterised by industrial, commercial, and residential properties. The neighbourhood is home to numerous businesses, retail establishments, and service providers.

The nearby Kőrösi Csoma Sándor Road, Kerepesi Road, and Gyömrői Road provide convenient access to Budapest's central districts and the eastern parts of the capital.

INVESTMENT OR YOUR OWN BUSINESS PREMISES? WHY NOT BOTH?

This property is an ideal choice for buyers seeking an income-generating commercial asset while retaining the flexibility to occupy part of the premises for their own business operations and explore further value-enhancement opportunities.

Asking price: HUF 360,000,000 + VAT (subject to the reverse charge mechanism).

Further information regarding existing lease agreements, rental income, and the property's technical specifications is available upon request.

Please feel free to contact us for additional information or to arrange a personal viewing!