Budapest XIII. kerület, Hegedűs Gyula utca For sale brick apartment

Fully renovated property divided into two rented apartments in Újlipótváros – HUF 570,000 in monthly rental income

Near the Vígszínház theatre on Hegedűs Gyula Street, we offer for sale a fully renovated period property arranged as two separately usable apartments, both currently rented.

The property is registered as a single 105 m² condominium apartment and has been divided under a use-sharing agreement as follows:
- Smaller apartment: 29.20 m² of main floor space plus an approximately 14 m² sleeping mezzanine, with an open-plan living room, kitchen and dining area, and its own bathroom.
- Larger apartment: 59.13 m² of main floor space plus an approximately 16 m² sleeping mezzanine, with a living room, a separate room, a kitchen, a bathroom and a separate toilet.
- Shared entrance hall: 15.15 m², with a dedicated built-in storage cupboard and a separate washing machine for each apartment.
The larger apartment has gas boiler heating with radiators, while the smaller apartment has electric heating. Utility consumption is individually metered for each apartment.

Current rental income:
The smaller apartment rents for HUF 250,000 per month and the larger for HUF 320,000, providing a total monthly rental income of HUF 570,000.
Annualised income at the current rental rates is HUF 6.84 million. Based on the asking price of HUF 155.8 million, this represents a gross annual rental yield of 4.39%, before costs and taxes.

The property is being sold with the existing tenancies in place. Corporate buyers may also explore financing through the Széchenyi Mikrohitel MAX+ programme, subject to individual pre-assessment, credit approval and acceptance of the property as collateral. The existing rental agreements provide a documented income basis for investment planning.