Outstanding River View Apartment In Central Budapest - Central and Eastern Europe Property For Sale Or Rent at BestRealEstatePlanet.com

Properties for sale | Rental properties | Agents | Member area | Contact us

Property information

<< Back to search result | Printable version | Send by email | Add to favorite

Ads by Goolge

Property For Sale Or Rent: Outstanding River View Apartment In Central Budapest

Hungary

Arpad Fejedelem Utja 69
District III
Budapest
1036 Budapest
Hungary

Property for sale: £55,000 - £58,000 (Negotiable)

1 Bedroom Apartment For Sale in Budapest, Hungary

Unique opportunity to purchase a lovely one bedroomed apartment which would be suitable either as a holiday home, a source of rental income, or a combination of the two.

The apartment has an open plan living room with recessed kitchen area, which is comprehensively equipped with quality appliances (fridge freezer, oven, hob, and dishwasher). There is a washing machine in the bathroom.

Unique opportunity to purchase a lovely one bedroomed apartment which would be suitable either as a holiday home, a source of rental income, or a combination of the two.

The apartment has an open plan living room with recessed kitchen area, which is comprehensively equipped with quality appliances (fridge freezer, oven, hob, and dishwasher). There is a washing machine in the bathroom. Meals can be eaten overlooking spectacular views down the river to the castle, parliament and Margit Island. The compact double bedroom shares these views and is custom furnished to make use of the space available. Pale wood block floors are a feature of the apartment.

Situated at the intersection of Arpad Fejedelem Utja and Nagyzombat Utja, the flat is extremely well placed to enjoy local transport links but also great walks in this "village style" community of Obuda. A pleasant one minute stroll takes you to the Roman Amphitheatre, a further ten minutes to the tranquil tree lined avenues of Margit Island. The world famous Gellert spa hotel and baths are a convenient five minute bus ride away.

When we bought the flat, we discovered that ownership of a company with a business address in Hungary makes purchase much quicker and easier. As well as offering the apartment, we are giving the purchaser an option to buy the company we set up. This is called "Danube Enterprises". It is fully registered, fully paid up, totally free from any encumbrances. The advantages of buying this company are threefold. Firstly, it means that if you want to buy any more properties in Hungary, you can do so much more quickly than as a private investor. This gives you a very necessary advantage when buying competitively against other buyers. Secondly, it is tax efficient. Finally, we have been told that the name itself is likely to be in demand in future years, and is an investment in itself.

We are selling somewhat reluctantly, as we have decided to concentrate our investments elsewhere and would like more liquidity in the future. The property has a tenant currently, and is rented out at 400 Euros per month (4,800 Euros per annum)and the tenant pays for all utilities and service charges. We were happy to rent at this level but have been told that we could easily achieve 450 Euros a month (5,400 Euros per annum). The tenancy comes to an end on 25th February 2006, at which point the apartment becomes vacant for possession, or ready for the next rental. (we could provide details of the rental agency that we use who are familiar with the apartment. We could also recommend an excellent solicitor with fluent English who was invaluable to us when we purchased.) In Hungary the same solicitor represents the buyer and the seller.

Property Summary

Offered by		Owner
Construction Year		1968
Area		410 Sq. Ft
Bedrooms		1
Bathrooms		1
Sleeps		2
Stories		10
Features		Furnished, Appliances, Pet Friendly, Spectacular 180 Degree River Views Over Danube. (7th Floor Apartment), Interior Designed And Furnished To A High Specification., Modern Lift, Low Outgoings In Well Maintained Block(brick Building, No Major Works Required), Hardwood "picture Windows" Overlooking River., Central Location With Excellent Local Facilities And Transport Links.,