Restaurant with a well-known chain tenant in the center of Budapest, Hungary

Additional information is provided after the signing of an NDA

Restaurant with a well-known chain tenant in the center of Budapest, Hungary

658,000 €
17,315 € /m²
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  • Total area
    38 m²
  • Yield
    8.2%
Details
Financial performance
  • Annual income: 54,000 €
Tenants
  • Fully let
  • End of lease: 2029

Restaurant with a long-term lease agreement located next to the entrance to the Gozsdu courtyards.

Description

The area of the space is 38 m².

Financial performance

The absolute annual income is 54,000 €.

The current yield is 8,2%.

Payback period is 12,2 years.

Tenants

The tenant is a well-known restaurant chain, who has rented this space since 2018.

The lease agreement was extended for 10 years in 2019.

Location

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.

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