Development site for hotel or residential property in the heart of Budapest

Additional information is provided after the signing of an NDA

Development site for hotel or residential property in the heart of Budapest

15,257,000 $
1,017 $ /m²
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  • Total area
    15,000 m²
Details
Property parameters
  • Leasable area: 12,000 m²
  • Land area: 4,000 m²
Financial performance
  • IRR: 20.0 %
Transaction costs
  • Notary (state registration): 1.0 %
  • Broker: 2.0 %

Development site for sale in the downtown of Budapest, next to the most famous and visited Hungarian architectural monument.

Almost 12,000 m² can be built for hotel, residential or business function. There is developing project for 120-150 apartments or approx. 240 rooms 4-stars hotel.

In case of serious interest, all technical, legal and financial information will be provided.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other hotels for sale in Hungary.

You can see more hotels for sale in Budapest elsewhere on our website.

Statistics in Budapest

Price per m², $
2,981
Healthcare efficiency level
46
Index 46 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
63
Index 63 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 2,980.34
Apartment in a bedroom community, m² 1,866.24
Transport Price, $
Public transport, 1 ride 1.17
Monthly travel card 31.73
Taxi, 1 km 1.0
Petrol, 1 l 1.29
Food Price, $
Water, 1.5 l 0.39
Milk, 1 l 0.81
White bread, 500 g 0.8
Eggs, a dozen 1.7
Chicken fillet, 1 kg 4.96
Education Price, $
Kindergarten, per month 296.12
International school, per year 6,715.26
Health care index
Staff competence 53.83
Medical equipment 41.33
Research accuracy and completeness 48.9
Attitude towards patients 41.06
Security index
Crime rate 32.28
The risk of being robbed 30.06
The risk of car theft 43.58
The risk of break-in and property damage 48.32

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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