For sale Family House Budapest XII. district - Svájci út

Elegant, Panoramic Homes in a Luxury Neighborhood.
A four-apartment condominium for sale as a whole, totaling 296 square meters.
Located in the XII district, atop Széchenyi Hill, a short walk from the Normafa visitor center. The iconic Széchenyi Hill Lookout Tower, the Children's Railway Széchenyi Hill station, and the Cogwheel Railway terminal are all within a 5-minute walk.
The area and the building boast exceptional features.
The four-story property maximizes useful spaces with one full-fledged apartment per floor, accessible from a common staircase.

Attic Apartment:

Living Area: 69.41 sqm
Gross Area: 76.26 sqm
3 bedrooms
2nd Floor Apartment:

Living Area: 76.26 sqm
3 bedrooms
1st Floor Apartment:

Living Area: 66.27 sqm
Balcony: 6.91 sqm
Terrace: 3.83 sqm
2 bedrooms + garden access
Ground Floor Apartment:

Living Area: 74.82 sqm
Garden Access: 8.16 sqm
2 bedrooms + garden access
Each of the four apartments can be rented out separately and is currently rented. The property is on a single plot.
The building can be purchased with or without tenants.
The courtyard, suitable for the comfortable parking of 5 cars, is equipped with lighting and security cameras and is accessible through an electric gate in the paved front yard.

NEWLY RENOVATED
In 2021, the building underwent a complete renovation including mechanical, electrical, energy, and structural upgrades.
Technical inspection reports for the entire renovation are available.
Features include brick walls, monolithic ceilings, a high pitched roof, 2-3 layer plastic windows, 15 cm external insulation, 2 independent gas boilers, and Ariston water heaters.

Financial Summary:

USEFUL AREA:
296 sqm

PROPERTY MARKET VALUE:
495 million HUF

ANNUAL INCOME:
25.3 million HUF

CASHFLOW RETURN:
5.1%

EXPECTED VALUE APPRECIATION:
5.8%

ANNUALIZED RETURN:
10.94%

CURRENT UTILIZATION:
The apartments are currently rented long-term.
However, a significant advantage is that the building also has a short-term accommodation service permit (NTAK).
The property is registered as a certified accommodation.
For a company with operating capacity, there is further revenue potential by operating the property as a short-term guesthouse or other accommodation (for tourists, film productions, embassies, etc.).


Public transport access?
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Public Transport Access:
The property has excellent public transport access. It is located within a 5-minute walk from key transport links:

Children's Railway Széchenyi Hill Station
Cogwheel Railway Terminal
These transport options make commuting convenient and connect the area well to the rest of the city.

Public amenities?
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Public Amenities:

The property is situated in a highly desirable location that offers numerous public amenities:

Recreational Areas:

Normafa Visitor Center: A short walk away, providing access to walking trails and recreational activities.
Széchenyi Hill Lookout Tower: An iconic spot offering panoramic views of the city.
Children's Railway: A unique attraction for families and children.
Cogwheel Railway Terminal: Offers scenic rides and easy access to the city center.
Educational Facilities:

Several reputable schools and kindergartens within a short driving distance.
Healthcare:

Proximity to healthcare facilities, including hospitals and clinics, ensuring quick access to medical services.
Shopping and Dining:

Various shopping centers, supermarkets, and local markets are nearby for everyday shopping needs.
A selection of restaurants, cafes, and bakeries offering diverse dining options.
Sports and Fitness:

Gyms, fitness centers, and sports clubs are easily accessible for maintaining an active lifestyle.
Cultural and Social:

Cultural centers, libraries, and community centers provide opportunities for social and cultural activities.
These amenities contribute to the overall appeal and convenience of living in this luxurious and panoramic neighborhood.