Description
A registered commercial boutique hotel with 8 apartments is for sale in 1071 Budapest, located in the heart of the 7th District. Thanks to the flourishing entertainment industry—Erzsébetváros is widely known as Budapest’s main nightlife district—as well as the solid return on investment, this small but high-quality property represents an attractive opportunity for investors.
Location & Background – 7th District / Erzsébetváros
The 7th District is the smallest and most densely populated district of Budapest. Its traditional name is Erzsébetváros. In 2010, the district was officially recognized as an area of high historic and cultural value, making it one of the most significant neighborhoods of the Hungarian capital.
Historical and Cultural Significance
Erzsébetváros is the center of Budapest’s Jewish heritage, where historic architecture blends harmoniously with modern urban life.
• Developed in the 19th century into one of the most multicultural districts of Pest
• Home to the former Jewish quarter
• Location of the Dohány Street Synagogue, the largest synagogue in Europe
Modern Development & Entertainment
Since the early 2000s, Erzsébetváros has undergone rapid transformation. Today, it is known for:
• its vibrant nightlife
• the famous “ruin bars”, including the iconic Szimpla Kert
• modern gastronomy hotspots along Király Street and in the Gozsdu Udvar courtyard
• a lively mix of restaurants, bars, and cafés
District Data
Postal codes: 1071–1078
Population: 48,825 residents (as of January 1, 2025)
Population density: 25,544 residents/km²
District size: 2.09 km²
Established: November 17, 1873
Sales Process
The property is offered by ImmoTrading GmbH on behalf of a Hungarian real estate partner.
After submission of a Letter of Intent (LOI), direct contact with the Hungarian partner will be arranged.
All further communication and support will be jointly provided by ImmoTrading GmbH and the partner agency.
Investment Highlights
• Return on investment: approx. 7.5%
• Gross income: approx. EUR 1,000 per room per month
• All necessary operating and regulatory permits for the boutique hotel are in place.
Purchase Price
EUR 1,250,000
plus VAT, 4% commission, legal fees, and state taxes.
For further information or to arrange a viewing appointment, we are at your disposal at any time. We look forward to your inquiry.