Property Details
• Price: €7,000,000
• Price/sqm: €6.087
• Official Size: 1150 m2
• Actual Size: 1150 m2
• Lot size: 438 m2
• Property Type: House
• City: Budapest
• District: XIII.
• View: street
• Elevator: Available
• Parking Spaces: 1
• Balconies & Sizing: 1
• Light Conditions: sunny
Property Description
In the XIII. district, in one of the most prestigious, but dynamically renewing neighborhoods of the Pest region, a 20-apartment residential building for sale.
Location Description
LOCATION
The building is located on the corner of Gogol Street and Pannonia Street. The two main facades of the building face Gogol Street and Pannonia Street. Furthermore, the characteristics of the site allowed for the construction of windows and balconies on both facades parallel to Pannonia Street. The plot is connected to the public space on both sides, with access from Gogol Street and Pannonia Road.
The building is located 10 minutes walking distance from Nyugati Square, 8 minutes walking distance from Westend shopping centre. The M3 metro and trolleybus lines are within easy walking distance to the city centre.
The building is located on the corner of Gogol Street and Pannonia Street. The two main facades of the building face Gogol Street and Pannonia Street. Furthermore, the characteristics of the site allowed for the construction of windows and balconies on both facades parallel to Pannonia Street. The plot is connected to the public space on both sides, with access from Gogol Street and Pannonia Road.
The building is located 10 minutes walking distance from Nyugati Square, 8 minutes walking distance from Westend shopping centre. The M3 metro and trolleybus lines are within easy walking distance to the city centre.
Other Description
FLEXIBLE INVESTMENT OPPORTUNITY
The building has an occupancy permit, and the condominium registration process is currently underway. Once completed, the new owner will have the flexibility to sell the apartments individually, lease them on a long-term basis, or continue operating them as short-term rental units.
All apartments hold valid accommodation (short-term rental) licenses, allowing short-term rentals to continue immediately without interruption.
The property can be acquired either by purchasing the entire ownership or through the acquisition of a business share, offering several investment structures to suit different investor requirements.
THE BUILDING
The property is situated on a 438 m² plot and features contemporary architecture with high-quality technical specifications.
Levels:
Basement
Ground Floor
Five Upper Floors
Rooftop Terrace
Basement
Underground parking spaces
Private storage units
Electrical, low-voltage, mechanical and building operation rooms
Ground Floor
Two main entrances
Underground garage
Bicycle storage
Waste storage room
Boiler room
One retail/commercial unit
First Floor
Additional parking spaces
Private storage units belonging to the apartments
Upper Floors
Residential apartments
All floors are served by a modern passenger elevator.
The underground garage is accessed from Gogol Street. Vehicle access between garage levels is provided by a car lift, while the garage entrance gate operates via remote control.
APARTMENTS
The apartments have been built in accordance with today's energy-efficiency and environmental standards, featuring practical and well-designed floor plans. Most units include a private balcony.
Apartment Types
45 m² – Two-bedroom apartment
48 m² – Two-bedroom apartment
53 m² – Three-bedroom apartment
60 m² – Three-bedroom apartment
67.5 m² – Three-bedroom apartment
TECHNICAL SPECIFICATIONS
Heating, cooling and domestic hot water are provided by a modern air-to-water heat pump system, ensuring excellent energy efficiency and low operating costs.
Each apartment is equipped with:
Ceiling heating and cooling
Underfloor heating
Heated towel radiator in the bathrooms
Individual thermostat temperature control
Individual utility meters (water, electricity and heating)
Mechanical ventilation in bathrooms and toilets
Pre-installed kitchen extraction system
ASKING PRICE
Net Purchase Price: EUR 7,000,000
An outstanding investment opportunity for private investors, investment funds and institutional buyers.
The building has already received its occupancy permit. Following the completion of the condominium registration, the new owner will have the option to sell the apartments individually, lease them on a long-term basis, or continue operating them as short-term rental units.
This exceptional investment is located in one of Budapest's most sought-after residential districts, offering excellent long-term value and multiple exit strategies.
The building has an occupancy permit, and the condominium registration process is currently underway. Once completed, the new owner will have the flexibility to sell the apartments individually, lease them on a long-term basis, or continue operating them as short-term rental units.
All apartments hold valid accommodation (short-term rental) licenses, allowing short-term rentals to continue immediately without interruption.
The property can be acquired either by purchasing the entire ownership or through the acquisition of a business share, offering several investment structures to suit different investor requirements.
THE BUILDING
The property is situated on a 438 m² plot and features contemporary architecture with high-quality technical specifications.
Levels:
Basement
Ground Floor
Five Upper Floors
Rooftop Terrace
Basement
Underground parking spaces
Private storage units
Electrical, low-voltage, mechanical and building operation rooms
Ground Floor
Two main entrances
Underground garage
Bicycle storage
Waste storage room
Boiler room
One retail/commercial unit
First Floor
Additional parking spaces
Private storage units belonging to the apartments
Upper Floors
Residential apartments
All floors are served by a modern passenger elevator.
The underground garage is accessed from Gogol Street. Vehicle access between garage levels is provided by a car lift, while the garage entrance gate operates via remote control.
APARTMENTS
The apartments have been built in accordance with today's energy-efficiency and environmental standards, featuring practical and well-designed floor plans. Most units include a private balcony.
Apartment Types
45 m² – Two-bedroom apartment
48 m² – Two-bedroom apartment
53 m² – Three-bedroom apartment
60 m² – Three-bedroom apartment
67.5 m² – Three-bedroom apartment
TECHNICAL SPECIFICATIONS
Heating, cooling and domestic hot water are provided by a modern air-to-water heat pump system, ensuring excellent energy efficiency and low operating costs.
Each apartment is equipped with:
Ceiling heating and cooling
Underfloor heating
Heated towel radiator in the bathrooms
Individual thermostat temperature control
Individual utility meters (water, electricity and heating)
Mechanical ventilation in bathrooms and toilets
Pre-installed kitchen extraction system
ASKING PRICE
Net Purchase Price: EUR 7,000,000
An outstanding investment opportunity for private investors, investment funds and institutional buyers.
The building has already received its occupancy permit. Following the completion of the condominium registration, the new owner will have the option to sell the apartments individually, lease them on a long-term basis, or continue operating them as short-term rental units.
This exceptional investment is located in one of Budapest's most sought-after residential districts, offering excellent long-term value and multiple exit strategies.
