ON GELLÉRT HILL, NEAR THE CITADELLA – 4-UNIT RESIDENTIAL BUILDING / 1,698 SQM DEVELOPMENT PLOT – CHARMING GARDEN ON THE LOWER LEVEL, PANORAMIC VIEWS FROM THE UPPER FLOOR

CITYCARTEL presents this exceptional property on Gellérthegy, just minutes from the Citadella, located in one of Budapest’s most valuable, prestigious, and sought-after neighborhoods.

The property sits on a 1,698 sqm plot featuring mature trees and a unique atmosphere, with an approximately 360 sqm, 80-year-old residential building set for demolition.

This Gellérthegy development opportunity is a prestigious plot in a prime urban location, offering immediate rental income, long-term value appreciation potential, and premium repositioning possibilities.

KEY DETAILS
Plot size: 1,698 sqm
Current house size: approx. 360 sqm
Current condition: 80-year-old building to be demolished
Current layout: 4 apartments
Buildable area: 15%
Underground buildable area: 25%
Permitted number of floors: 3 in total
Current building: 2 floors, with option to add another level
Free of encumbrances
Slight water utility easement affecting the plot
Right of first refusal applies due to the neighborhood’s characteristics

DEVELOPMENT POTENTIAL
One of the greatest values of this property is its versatile usability.
Possible options include:
- Renovating the existing building,
- Creating a modern, premium residential building,
- Adding additional floors,
- Constructing an entirely new building,
- Developing an exclusive multi-unit condominium,
- Establishing a private residence, multigenerational family home, or an investment residential project.

According to the current owners’ original vision, a 6-unit premium residential building could be developed here, with 2 apartments per floor ranging from approximately 110 to 140 sqm, featuring a garage, gym, laundry room on the lower level, plus a large rooftop terrace with potential for a pool.

This concept perfectly matches the prestige of the location:
Gellérthegy, panoramic views, green surroundings, private atmosphere, premium apartments, rooftop terrace, wellness lifestyle – exactly the combination in demand in Budapest’s high-end market.

WHY IS THIS PROPERTY SPECIAL?
Gellérthegy is one of Budapest’s most stable and prestigious neighborhoods. Here, you don’t just buy square meters but a position, tranquility, greenery, urban elegance, and long-term value retention.
The proximity to the Citadella, the Buda hills’ environment, quick access to downtown, and the size of the plot create a rare combination on the market.

This property is ideal for:
- Developers,
- Investors,
- Those considering premium condominium projects,
- Multigenerational families,
- Buyers seeking embassy, diplomatic, or exclusive residences,
- Buyers looking for a large, future-proof plot on Gellérthegy.

IMPORTANT LEGAL AND TECHNICAL INFORMATION
The property is free of encumbrances, though a minor water utility easement applies. Due to the area’s special status, a right of first refusal is in place.
Building, renovation, and extension possibilities are subject to current local building regulations, official approvals, technical inspections, and architectural concepts.

IN SUMMARY
This Gellérthegy property is for those seeking an extraordinary opportunity.
It offers a generously sized plot in a prestigious location with significant development potential in Buda.

Whether you want to retain and renovate the existing building or envision a new premium residential project, the foundations are exceptional:
Gellérthegy. Close to the Citadella. 1,698 sqm plot. 360 sqm existing building. Development potential. Rooftop terrace and luxury pool concept potential.

The listing features images created using artificial intelligence.

For more information, technical details, and a personal viewing, please contact us with confidence.

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