Description
8-Storey Residential Facility in Budapest – Attractive Investment Opportunity
Large-scale property with approx. 11,500 sqm of usable space and capacity for around 700 beds in Budapest's 10th District
An extensive residential facility with attractive investment and future development potential is offered for sale in Kőbánya, Budapest's 10th District. The property benefits from excellent transport connections and is located in a well-developed area in the eastern part of Pest.
Location & Infrastructure
The property is easily accessible by both car and public transport.
Several bus lines
M3 metro line in the nearby area
Regional and long-distance railway connections in the immediate vicinity
Shops and restaurants nearby
All essential everyday amenities in the surrounding area
Property Overview
The property consists of three buildings:
Basement 8-storey main building, currently designed as a residential facility
Auxiliary building of approx. 390 sqm, currently leased as storage space
Auxiliary building of approx. 220 sqm, currently leased as storage space
Plot size: approx. 8,100 sqm
Total usable area: approx. 11,500 sqm
Year built: 1960
Modernisations & Investments
The property has undergone extensive modernisation in recent years:
Complete interior renovation in 2022/2023
Ongoing technical upgrades
New technical building constructed in 2024
Rooftop solar system installed
New windows
New roof insulation
Property in good overall condition
Capacity & Layout
The main building features:
8 floors
24 rooms per floor
192 rooms in total
Capacity of approximately 700 beds
2- and 3-bed rooms
Communal Areas & Facilities
Shared sanitary facilities on each floor
72 showers and 70 toilets in total
8 fully equipped communal kitchens with dining areas
8 laundry rooms
40 washing machines and 8 dryers
Reception with electronic access control system
CCTV surveillance
Central fire alarm system
Space for a small shop in the entrance area
Wi-Fi throughout the building
Room Equipment
Each room is equipped with:
Beds, approx. 90 × 200 cm
Table and chairs
Wardrobe
Refrigerator with freezer compartment
Curtains including blackout curtains
LED lighting
Wall-mounted television
Multiple power sockets
Current & Future Use
The property was operated as a workers' accommodation facility until the end of 2025.
The property is currently vacant, as adaptation works are being carried out for future use as student or workers' accommodation.
From 2027, operation as a student residence or alternatively again as workers' accommodation is planned.
Purchase Price & Transaction Structure
Purchase price: EUR 9,400,000
Transaction structure: Share Deal
Buyer's commission: 4% plus statutory VAT
Additional costs: Legal fees and government charges
The offer is subject to change and non-binding.
For further information or to arrange a viewing, we are happy to assist following submission of an LOI (written expression of interest).