Full Description

Exclusive project in unique location in the centre of Budapest with luxurious standards. Rental yields are expected to be 7-10% per annum with anticipated capital growth at 15 - 20% per annum. Avenue Gardens, the most exclusive residential project currently in Budapest, is located in the elegant Andrássy Avenue, the Hungarian Champs Elysees. This luxury apartment development comprises 77 apartments, ranging from 50 to 180 m2, within 5 individual buildings, (Amadeus, Bartok, Chopin, Debussy and Erkel), all with their own lift. The exquisite Avenue Gardens will include a spectacular Japanese style inner garden, with a waterfall and a fountain, an indoor swimming pool and a wellness area, a 24 hour concierge and security service, a laundry and restaurant service and secure underground parking. Completion of the project is scheduled for October 2007, as the construction of the new buildings and the refurbishment of the Amadeus building, which is protected as part of the UNESCO World Heritage sites, has already begun. Investment Overview ▪ Exclusive project in unique location in the centre of Budapest ▪ Luxurious standards, 24-hour reception, concierge service, in-door swimming pool and Japanese Garden ▪ Due for completion end 2007. ▪ Rental yields expected to be 7-10% per annum ▪ Capital growth anticipated to be 15 - 20% per annum ▪ Selling prices from 202,000 EUR / 133,000 GBP ▪ Expected LTVs of 80% with equity requirement starting 40,400 EUR/ 26,600 GBP ▪ Developer is one of the largest regional developers- ORCO Group. ▪ Prices including high quality kitchens, designed bathrooms, secure parking