Commercial space rented out to a bar and bistro with a long-term lease agreement.
The corner space is located in a new building, built in 2004. It has an area of 208 m² + mezzanine 60 m² + covered, heated terrace of 150 m².
The absolute annual income is 110,000 €.
The current yield is 6.9%.
Pay back period is 14,5 years.
The space is rented out to the bistro bar since 2015.
The lease agreement was extended for 10 years in 2018.
The property is located in the central 5th district of Budapest, next to the Gozsdu courtyards. This place is very popular among tourists, new art galleries, fashion shops, restaurants, bars and cafes with open terraces are constantly opening here. The number of visitors is about 1 million per year.
Budapest is the capital of Hungary, one of the largest and most beautiful cities in Europe, located on both sides of the Danube River. Known for its magnificent architecture, among which stands the neo-Gothic building of the Hungarian Parliament, a large number of architectural monuments, wide and beautiful avenues with shops and restaurants.
Budapest is the only capital in Europe that has the status of a resort — due to the numerous thermal springs the city is an excellent place to relax and regain health.