Description
A fully renovated building currently operated as a hostel is for sale in 1071 Budapest. The property includes 33 rooms, a restaurant, several modern apartments, and offers attractive expansion potential.
Property Description
The entire building has undergone a full renovation:
– modern heating system
– completely renewed water and electrical installations
– well-maintained, contemporary interior and technical condition
Layout
– Ground floor: Restaurant with street access
– Upper floors: Renovated apartments with 6 fully equipped kitchens
– Terrace: Spacious 120 m² rooftop terrace
– Basement: Suitable for storage or conversion into a fitness area
In addition, there is the potential to add extra floors, allowing further expansion of the hostel capacity.
Location
Situated in the popular 7th District (Erzsébetváros), close to:
– Keleti Railway Station
– Metro stations
– Bus and tram stops
This excellent connectivity makes the property especially attractive for tourists and students.
Information
The property and all its units are leased on a long-term basis, ensuring stable rental income.
District Overview – 7th District / Erzsébetváros
The 7th District is the smallest yet most densely populated district in Budapest. It is known for:
– its rich Jewish heritage
– the famous Dohány Street Synagogue
– kosher shops
– trendy bars and iconic “ruin pubs” such as Szimpla Kert
– a vibrant mix of cafés, restaurants, and designer boutiques
District Facts:
– Postal codes: 1071–1078
– Area: 209 hectares
– Population density: approx. 25,541 residents/km²
– Established: 17 November 1873
Note
This property is offered for sale by ImmoTrading GmbH on behalf of a Hungarian real estate partner.
Upon submission of an LOI (Letter of Intent), direct contact with the Hungarian partner will be arranged.
Further support will be provided jointly by the partner and ImmoTrading GmbH.
Sales Price
EUR 3,820,000
plus 4% commission, legal fees and government taxes.
For further information or to arrange a viewing appointment, we are always at your disposal. We look forward to your inquiry.
Please note that there is a close familial or economic relationship between the broker and the client.