Budapest XIII. kerület, Kresz Géza utca 34. For sale business-premises with street entrance

423 m², EXCEPTIONALLY CONSTRUCTIBLE COMMERCIAL PROPERTY FOR SALE NEAR WESTEND

In one of the busiest and most accessible downtown areas of Budapest, just a 2-minute walk from the Westend shopping center, in the immediate vicinity of Nyugati Square, I am offering for sale a 423 m² commercial property with large, continuous spaces and extremely versatile uses.

The uniqueness of the property is not only due to its current function, but also to the combination of the location, the large floor area, the more than 20-meter street frontage, the two separate street entrances and, above all, the exceptionally freely configurable interior space.

Thanks to this, the property can be interesting for personal business use, long-term use or investment purposes.

423 m² – WITH EXCEPTIONALLY GREAT FREEDOM OF DESIGN

One of the most important features of the property is that, with the exception of a few supporting columns, all of the current internal walls are partitions and can be demolished.

The owner is therefore not tied to the current room structure: the floor plan can be partially or completely rethought, and the area can be adapted to the needs of the given business concept.

The floor plan included in the images of the advertisement clearly shows the location of some of the supporting columns and the partition design, which clearly shows how the 423 m² area can be reorganized in many different ways.

Even in its current state, it contains a nearly 200 m², approximately 10 × 20 meter, regular rectangular continuous hall space, to which offices, a kitchen and additional service rooms are connected.

However, the internal structure can be further opened, transformed or redivided as required.

SUITABLE FOR MANY BUSINESS CONCEPTS

Due to the characteristics of the property, it is not necessary to commit to a single use. In the case of personal use or investment utilization, a number of business concepts can be developed.

It may be suitable, among others, for:

• a shop, showroom or showroom
• a fitness, yoga, dance or exercise studio
• a gym
• a beauty or service center
• for health or therapy services
• an education and training center
• a conference or lecture space
• a group session location
• an event location
• a community space
• an office, coworking space or corporate center
• a studio, photo or creative space
• a catering establishment or restaurant
• or any other business activity that requires a large, continuous, adequate interior height and adaptable space in the city center.

Due to the size of the 423 m² area and the two separate street entrances, it is possible to create several different functions or business units, if the chosen utilization and the necessary permits allow this.

POSSIBILITY OF CATERING AND RESTAURANT FUNCTION

The property has a built-in supply and exhaust ventilation system, and there is no general functional restriction on the part of the condominium that would exclude its utilization for catering purposes.

In addition to meeting the appropriate technical and regulatory requirements, it may also be possible to create a catering establishment with a cold or hot kitchen, a restaurant or other gastronomic concept.

The large continuous space, the possibility of creating a kitchen, the service rooms, the two street entrances, the good accessibility and the proximity to Westend create an interesting opportunity from this point of view.

MORE THAN 20 METERS OF STREET FRONTAGE, TWO SEPARATE ENTRANCE

The property has a street frontage of more than 20 meters wide, with three large street windows and two separate street entrances.

This is not only an advantage in terms of natural light, but is also a valuable feature in the case of business use.

The two separate street entrances can provide the opportunity to create different functions, departments or even separate business areas.

Although the property is located a few steps below the street sidewalk level, the large street windows and doors, the high interior height and the open area opposite give it a particularly bright and spacious feeling.

PARKING AND LOADING – A FAVORABLE FEATURE IN DOWNTOWN COMPARISON

An additional advantage of the location is that there are more favorable parking and loading options in front of the property and in its immediate vicinity compared to the small streets in the city center.

There is an open public parking lot directly opposite the property, with approximately 15-20 additional parking spaces.

This can be an important practical advantage for businesses with customer traffic, educational or service functions, fitness or beauty centers, event venues, offices or restaurants.

The open street section also makes it easier to load goods and equipment. Loading can be done with a larger truck, even a tail lift truck, without the vehicle having to occupy the narrow street traffic lane for the entire loading time.

This can also be a serious advantage for functions where it is necessary to regularly move goods, equipment, technical devices, furniture or event technology.

OUTSTANDING CITY CENTER LOCATION

The property:

• approx. 2 minutes walk from the main entrance of the Westend shopping center
• approx. 7 minutes walk from Nyugati Square

The immediate surroundings belong to one of the most important transport hubs in Budapest:

• M3 metro
• tram
• several bus and trolleybus lines
• Nyugati Railway Station
• Westend shopping center

One of the biggest advantages of the location is that the property is easily accessible by public transport from many points in Budapest, while it also has more favorable conditions for arriving and loading by car than many similar downtown properties.

MAIN PROPERTY DATA AND DESIGN

• 423 m² total floor area
• nearly 200 m², approx. 10 × 20 meter continuous hall space
• demountable internal partitions except for a few supporting columns
• highly flexible floor plan
• more than 20 meter street frontage
• 3 large street windows
• 2 separate street entrances
• separate rear exit, which can also be used as an emergency exit if the necessary conditions are met
• several office and service rooms
• kitchen
• 5 separate toilets
• ceiling height: approx. 270–280 cm

TECHNICAL FEATURES

• supply and exhaust air technology serving the entire area
• heating and cooling with inverter air conditioners
• alarm and camera system with remote monitoring
• mobile internet and GSM signal amplification system
• dust-free property
• good technical condition
• significant renovations between 2017 and 2021

The property has been in continuous use for several decades, and during this time it has also functioned as a shop, gym and event space; it is currently operating as an event venue for the sixth year.

The previous, significantly different functions clearly demonstrate the versatile usability of the property in practice.

AN INTERESTING OPPORTUNITY FOR OWN PURPOSE AND INVESTMENT

The long-term value of a property of this size is not determined solely by its current design, but by how many future business concepts it can be used for.

The 423 m² floor area, the current continuous space of nearly 200 m², the flexibility resulting from the demountable partitions, the more than 20-meter street frontage, the two separate street entrances, the favorable loading options and, above all, the Westend–Nyugati tér location together represent a rarely available combination of features.

The property may therefore be suitable for a business that wishes to establish its own, long-term business center or service location, but at the same time it may also be interesting for an investor due to the possibility of multiple future utilization.

LEGAL AND SALES INFORMATION

• 423 m² floor area
• legally classified as a warehouse
• 1/1 ownership
• encumbrance-free
• VAT-free sale
• possession within up to 30 days

The property can be viewed at a previously agreed time.