GUARANTEED RENT FOR TWO YEARS - 7% RENTAL YIELD. EXTREMELY COMPETITIVE PRICES. New construction in a properous part of the 7th district, a few-minute walk far from the City Park. The development has excellent location: easy access to any part of the capital and the stop of the future tube line will be literally steps away. Sport centre is planned next door. Perfect Buy-to-Let investment.

GUARANTEED RENT FOR TWO YEARS - 7% RENTAL YEILD!!!

Highlights

- Competitively priced newly-built apartments in the 7th District of Budapest, near the Eastern Railway Station and the City Park
- Guaranteed rent for 2 years with 7% rental yield
- 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
- Great payment terms: 20%-80%
- 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 (Fovárosi Állatkert), Cirkus (Fovárosi 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.

For a detailed map please follow the link:

http://www.property-hungary.co.uk/map1.html

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

Pricing and Payment Schedule

The development is extremely competitively priced for this central location in District 7. District 7 is the old Jewish area containing several protected classical buildings therefore the number of the available building sites is very limited. This is one of the last building sites in District 7 so there won’t be many other developments in the area that could cause competition.

Compared to other constructions in the vicinity of the project, the squaremetre prices are much lower here. This ensures high capital growth potential along with the other factors mentioned before (tube stop, Arena Plaza, planned sport centre).

- Prices from €53.151 - €236.860
- 20% is payable on signing the contract
- The balance is due on completion
- Low entry level: deposit from as little as €10.630
- Squaremetre prices from €1.320