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Hotel – District VII (Erzsébetváros), Budapest, Hungary

17,694,000 $
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  • Built in 
    2008
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Details
Property parameters
  • Hotel rating: 4
Features
  • Internet

Four-star boutique hotel.

Description

The hotel is located in two 9-storey buildings (including the basement, 1st floor, 7 floors in building A and 6 floors in building B).

The hotel has 68 double rooms in various styles, 6 junior suites with an average area of about 30 m² (designed for 3–4 people) and 2 junior suites with unique furnishings with baroque elements.

Equipment

  • 24-hour reception
  • fire safety system
  • air conditioning system throughout the building
  • buffet
  • dry cleaning
  • underground parking
  • luggage storage
  • Wi-Fi throughout the building
  • 2 elevators for guests and 1 for cars

Financial performance

Financial indicators are available upon request.

Location and nearby infrastructure

The hotel is located in the city of Budapest, in Erzhebetvaros district.

Erzsebetváros is the smallest district in Budapest with the highest population density in the city. The inner part of the district, the so-called ”Jewish Quarter“, has many synagogues, including the Great Synagogue, the second largest in the world, as well as many restaurants, shops, nightclubs and the main shopping street of Erzhebetvaros Kirali and entertainment district of Goji.

The property is located in the historical center of the area between the two stations, in a walking distance from numerous tourist attractions.

  • Property on the map
    Location right down to the building, street or city

Statistics in Budapest

Price per m², $
3,025
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 3,024.3
Apartment in a bedroom community, m² 1,893.77
Transport Price, $
Public transport, 1 ride 1.18
Monthly travel card 32.2
Taxi, 1 km 1.02
Petrol, 1 l 1.3
Food Price, $
Water, 1.5 l 0.4
Milk, 1 l 0.82
White bread, 500 g 0.81
Eggs, a dozen 1.73
Chicken fillet, 1 kg 5.03
Education Price, $
Kindergarten, per month 300.49
International school, per year 6,814.33
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.

Show the entire statistics

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 District VII (Erzsébetváros) elsewhere on our website.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Enquire about this hotel
    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in District VII (Erzsébetváros)
    +44 17 4822 0039
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      • Bank financing from 5.5% annually
      • Property, plot and construction site survey
      • Management company services
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