Description
Boutique Hotel with 13 New Apartments in the Heart of Budapest
13 newly built apartments with approved commercial accommodation status – an attractive investment opportunity in the Palace District
An exceptional investment opportunity is offered for sale in the 8th District of Budapest. The property consists of 13 newly built apartments located on the two top floors of a fully renovated residential building in the historic Palace District. The apartments are being sold together as an already approved commercial accommodation property, operated as a boutique hotel.
The Palace District is located in the heart of Budapest's 8th District and is one of the city's historic and cultural areas. In recent years, the district has experienced a long-awaited renaissance and has become increasingly attractive.
Property Overview
13 newly built apartments
46 rooms in total
Located on the 4th and 5th floors
Fully renovated residential building
Renaissance-style courtyard
Already approved for commercial accommodation
Smallest apartment: approx. 45.6 sqm
Largest apartment: approx. 93.2 sqm
Some apartments feature attic spaces and/or terraces
Individual utility meters, including water and gas
The 13 apartments represent approximately 35% of the condominium units in the building
Attractive Investment Opportunity
The property offers investors the opportunity to acquire an already approved boutique hotel concept consisting of 13 apartments in a central Budapest location.
Return: nearly 10%
Booking.com rating: 9.3
Prime location in the historic Palace District
Approved commercial accommodation use
46 rooms in total
Asking Price
€5,200,000 + VAT
An attractive opportunity for investors looking for an approved hospitality concept in a central and rapidly developing area of Budapest.
For further questions or to arrange a viewing, we are happy to assist.
Please note that there is a close familial or economic relationship between the broker and the client.