Completely rebuilt exclusive palace in Budapest for sale
Info: Currently, all 4 apartments in the Palais are rented out.
The rental income amounts to € 7000 / month / apartment, thus € 28 000 monthly, or € 336 000 per year.
This EXCLUSIVE Palace was built in 1883 in eclectic style, in one of the most aristocratic areas of Budapest.
The Palace was built in 1881-1883 for Tivadar Herzl by the planes of architect Adolf Feszty. Later there were great names between the owners like the Kohary family, and Saxo-Gotha-Coburg princes. Between 1945-46 the palace was the residence of the prime ministry of Hungary Zoltán Tildy. By the time of socialism the building was used as school. The Palace is the part of the UNESCO world heritage.
Now it is fully reconstructed for the original style and position.
There are 4 luxury apartments in the palace with area of 357 m2, 457 m2, 294 m2, 445 m2. The garage has 242 m2. The wellness area is 343 m2.
The gross area of the building is 2230 square meters.
In the inner yard of the building there is a French garden with fountain.
The wellness area includes Jacuzzi and sauna with showers and relaxation room.
There is a wine cellar near the wellness area.
All the materials used during reconstruction are of highest quality, like marble stone by Carrera C, CD, and Rosa Portugal. Floors are covered with best quality oak parquet with marquetry in 4-5 colors. Sanitary fixtures are by highest quality labels like Globo and Carlo Frattini. All the windows and doors are hand-made and unique.
Definition of building: residence/housing
Year of built: 1883
Year of rebuilding: 2015
Living Rooms: 4
Dining Rooms: 4
Storage Rooms: 4
2 Terraces: 21m2 +19m2
Size of 4 apartments: 1517 m2 (2 floors)
Total area: 2230 m2
Garage: 8 places (underground parking)
SELLING PRICE: ON REQUEST
EQUIPMENT / EXTRAS
Condition of building: excellent
The building has two terraces with a total of 40 m2, from which opens up a beautiful view.
The palace has 2 floors with staircase and elevator and is fully leased to embassies and business people with long term leases. The property is being sold with the GmbH / Kft and is built on own ground.
LOCATION - ANDRÁSSY AVENUE - THE PEST BROADWAY
Contact: Robert Hauer
Mobile: +43 680 4401352