For sale is an interior two-story, renovated apartment near Opera, at 13-15 Hajós Street. The property is currently rented for HUF 350,000/month, which represents a higher than average annual return of 5.5%

Hajós utca 13, Budapest, VI. District
Price 69.900.000 Ft
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Property Details
Price: 69.900.000 Ft
Price/sqm: 2.118.182 Ft
Official Size: 33m2
Actual Size: 46m2
Inner Height: 4.0m
Property Type: Apartment
City: Budapest
District: VI.
Bathrooms: 1
Rooms: 1
Toilettes: 1
Elevator: Available
Common Charges: 10.000FT
Property Description
The property is currently rented out for HUF 350,000/month, which is above the market average and gives a 5.5% yearly return. The apartment is 46 sqm, fully renovated in 2019, with windows facing the quiet, sheltered courtyard at the back, yet the property is bright. The building is one of the most patinated renovated buildings in the city, read more about its history below.
In terms of layout, the apartment has two interior levels, the lower level is 33 square meters, with a fully fitted, modern kitchen, a living room with high ceilings (4.5 meters), and a spacious bathroom. The bedroom is located upstairs, with a ceiling height of 193 centimeters. The bedroom also has a large built-in wardrobe. The upper floor of the apartment was made of a new, strong, and stable steel structure.

The condominium is in excellent condition, has an elevator, a friendly community, and a secure financial background. The building has undergone several renovations in recent years. It is approved for short-term rentals like Airbnb.
The building's facade runs parallel to the right side of the Opera House, right next to it. The entrance to the condominium is opposite the artist's entrance to the Opera House. This section of Hajós Street is a pedestrian street and a UNESCO World Heritage Site. The condominium has a very ornate entrance hall, decorated with Lotz frescoes, rich in ornamentation, and in scale and appearance, it has sought to catch up with the Opera House, which was inaugurated a few years earlier.
Common costs of the apartment: 10,000 HUF/month, which includes water consumption.
The apartment also includes a 6 sqm basement storage room.
The property is currently occupied by a tenant, who would like to stay by arrangement. The apartment is currently rented at a very good price of HUF 350,000.
History of the house:
The four-story apartment building at 13-15 Hajós Street was built in 1898 according to the plans of József Jahn. In the 1860s, a one-story building stood on the site, then called Hermina Square, then, according to the surviving plans, it was extended, and in 1870, when there was no Opera House next door, an Orpheum or singing hall was built there.
József Jahn designed a series of similar huge apartment buildings around the turn of the century.
In the first half of the twentieth century, the house changed hands relatively often, in 1903 it was already owned by Count Aurél Dessewffy, the last judge of the country, followed by Dr József Weisz in 1916 and in 1928 it was in the name of Richárd Krasznai. The National Institute of Guardianship and Pensions was restructured in 1934, but it survived the war without a hit. Inside, in the entrance hall, the restored Lotz frescoes are eye-catching. Entering the courtyard is dazzling, partly because of the size of the building and partly because of the lodge-like corridor Jahn favoured in all his tenement houses, here (also) richly decorated with columns and a stone balustrade, approached by a suspended corridor on the left. In addition to the main staircase, there are two others. Every detail of the house is beautifully crafted and it is a special treat to see it renovated.
(source: Kép-Tér Blog, Budapest100, Fortepan))

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