Property For Sale Budapest,Hungary
For sale by owner - Budapest
Property for sale
18 Hectare Budapest Waterfront Site for Sale
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To put this property in perspective: on the Hungarian market, there is no better large plot of land for sale right now. On the 18-hectare waterfront site, there is raw land and many older warehouse/storage buildings that are currently all rented.
There is a huge upside for redevelopment: several hundred thousand square meters of new buildings could be built after approval of a new Master Plan. The property is in the 4th and 13thdistricts, which are only nine kilometers away from the CBD. The public transportation is great in the area; there are many apartment buildings, banks, restaurants and a shopping mall on the bank opposite the peninsula.
The SPV (limited company) holding and renting the buildings on the property pays for its own costs, including taxes, so the buyer would not be saddled with interim costs of the property itself. It is worth mentioning that this is the only dry-dock available for large ships coming up and down this section of the Danube. In Hungary, it is a monopoly.
For further information and personal viewing please call Dr. Michael Burgess at +36 30 823 9297 or write an email to [email protected].