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Home » Property For Sale » Hungary » Budapest » District 7 » Apartment
Apartment
34m2 - 46m2 : from €62,646 to €69,744
52m2 - 62m2 : from €85,093 to €99,234
63m2 - 72m2 : from €99,276 to €132,382
85m2 - 85m2 : from €141,829 to €153,659
Max rental return: 8%
Delivery date: October 2008
Last chance to buy at this highly popular, competitively priced project in District 7! Excellent location, highly sought after on the local market as well, will be easily rentable. Several universities nearby, best price for this central location.
Highlights
- Competitively priced newly-built apartments in the 7th District of Budapest, near the Eastern Railway Station and the City Park
- Very low squaremetre prices, significantly lower than the other developments in the area
- Excellent transport links, the tube stop of the 4th tube will be at the end of the street
- The biggest shopping centre in Hungary (Arena Plaza) is nearby with 200 shops
- Sport centre is planned to be built next door
Investment
This project is a perfect long term investment thanks to its great location in District 7. District 7 is the old Jewish area neighbouring Districts 5 and 6, and is crammed with classical buildings so new constructions are a rarity due to the lack of building sites.
The development has numerous advantageous characteristics that will ensure high capital growth potential:
- it is situated in walking distance with the Eastern Railway Station and the City Park
- the new tube stop of the 4th metro line will be at the end of the street (this will make this development very favourable because very few projects can feature a tube stop within 50 metres, and city dwellers like to be as near the tube as possible)
- The biggest shopping centre of Hungary (Arena Plaza) has opened a few months ago, in close vicinity with the development. It has 200 shops, a Tesco and 2500 parking spaces
- A sport centre is planned to be built right next to the development
About the project
This is a new development in a properous part of the 7th district, a few-minute walk far from the City Park. There are only a handful building sites left for new constructions in central Budapest, so the 7th district - neighbouring the 5th and the 6th districts - is an excellent place to buy a property.
The condominium will stand in a lovely, quiet road where there is hardly any traffic. There will be 132 high standard apartments, sizes range between 33 and 79 sqm to serve the needs of the youth and large families as well.
The development is distinguished from other new constructions by its contemporary, human-centered design: the developer's intention was not to use all the available space for building apartments, but to create an airy, liveable environment for the future tenants.
They even designed a roof terrace and a balcony for sunbathing on the top floor, for the common use of the tenants - you should not forget that Hungary has a hot, Mediterranean Summer!
There will be parking lots (in underground garages) and storages available, but not mandatory. An elegant, inner passage will connect the two entries, there will be surveillance system and reception to ensure higher security. The construction will take place in accordance with the highest technical and fire safety standards.
Location
The development is situated in a booming part of the 7th district, on one of the last buiding sites. It is located in the popular "Zuglo area, on the border of the garden district, a few minute walk far from the City Park, where you can always relax or find the kind of entertainment you prefer!
The 100 hectare City Park is one of the largest parks in Budapest and is called "the lung of the capital. There is something for all age groups to do in this recreation area with its Amusement Park (Vidámpark), Zoo (Fõvárosi Állatkert), Cirkus (Fõvárosi Nagycirkusz), museums, thermal baths, rowing lake and City Park Ice Rink (Városligeti Jégpálya).
Our famous, internationally recognised Gundel Restaurant is also situated here, for the lovers of culinary arts.
Access
The development has excellent location: situated at the junction of Thokoly and Dozsa Gyorgy Road, you have easy access to any part of the capital. The city centre is only a short, 5-minute drive away via Thokoly Road. For the users of public transport, the stop of the Red tube line is 3 minutes by feet, and the stop of the future (No.4) tube line will be literally steps away. Several bus and troli bus lines also run in the area.
Recreation and entertainment
- City Park with all its facilities
- Next door to the building there are tennis courts and a sport centre
- The theatres and cinemas of the area
- Heroes Square and its exhibitions and museums
Shopping
-the Recsei Shopping Centre is 3 minutes far
-another new shopping centre is also being built in the area
All investments bear varying degrees of risk. TheMoveChannel.com strongly discourages you from making any investment decision based upon information that you cannot independently confirm and strongly recommends that you seek advice from a qualified financial advisor or solicitor before you make any financial investment.