Long-term, income-generating investment opportunity in the city centre of Esztergom

Long-term, yield-producing investment opportunity in the city center of Esztergom.

We offer for sale a 476 m², two-storey commercial premises in the city center of Esztergom with excellent conditions, which is rented on a long-term basis by a financial institution with national coverage.

The tenant has been present in the property for more than a decade, with the last lease renewal taking place in 2023, when another 8+5 year period started.

Key features:

- Total area: 476 m² (ground floor: 238 m², first floor: 238 m²)
- Two parcel numbers, physically joined - for sale in one piece only
- Street frontage: 20 m glass portal
- Stable, national bank tenant
- Lease term: 8+5 years (starting in 2023)
- Annual rent indexation: fixed 2.5%
- Tenant to pay building taxes, common charges and operational fees
- Annual yield based on current rent: 7%
- Contract cannot be cancelled - the property is only for sale with the existing tenancy

Esztergom is a city of unique historical significance, the centre of the Hungarian Catholic Church and the gateway to the Danube Bend. Located 50 km from Budapest, Esztergom has undergone significant economic, touristic and infrastructural development in recent years.

The property is situated in one of the most prominent locations in the city centre, with excellent pedestrian and vehicular access. In the immediate vicinity there are bank branches, shops, restaurants, public institutions and tourist attractions.

Utilities:

Electricity: 3x100 A (69 kVA - extension possible)
Water: 4 m³/h
Heating/cooling: equipped with heat meter