About the Apartment
- Property: Apartment (Off Plan)
- Bedrooms: N/A
- Bathrooms: N/A
- Receptions: N/A
55 Acres in Inner City Budapest, Hungary's Capital City, being completely Re-generated to include a 36m wide Promenade, Office Blocks, Shopping Centre, Cafes, Restaurants, Bars and the Apartments themselves. 4th Phase Due for Release May 2008.
Features
The Corvin Area:Public Private Partnership Joint programs of the Investor and the Municipality
Investment : 320,000 m² new building construction for mixed use
Apartments, Offices, Hotels, Retail, Entertainment, Educational, Cultural.
Value : €575Million Area : 55 Acres. Commencement : October 2005
Completion of first phase : Mid 2007
Completion of Entire Project : December 2012
Parallel developments at several project locations
Renovation - Renovation of all the 46 residential buildings remaining in the project area (1,400 apartments.)
Institutional - Renovation of the elementary school located in the project area, re-construction of the two metro stations at each end of the site, construction of a new nursery school
Public utility Program - renovation of the entire public utility
network
Public Area Program - considerable extension and reconstruction of existing streets.
Development of 20,000m2 of new public space, promenade and park landscaping, fountains, outdoor furnishings. Installation of camera based area surveillance systems.
Plot Size: N/A
Location
District 8 Budapest, the most up and coming part of the city, which has seen huge investment from the local government. The Corvin Area will be the next 'place to be' in the city of Budapest on completion and the locals are already abuzz' about it. Budapest is renowned for its 1st class transport and the Corvin is superbly located to take advantage of this and allow people to access all parts of the city in minutes
WELL ORGANISED TRANSPORT…
Two M3 metro (underground) stations located at each end of the Promenade.
Tramlines 4 & 6, the busiest closed-track public transport service in Europe at the gate of the Promenade.
8 minutes to Nyugati railway station.
5 minutes to Deak ter (City Centre traffic hub)
Unlimited Parking Opportunities - 3,000 new car spaces below the promenade and private parking surveillance to office buildings, hotel, restaurants. Pedestrian friendly traffic arrangements - broadened pavements, traffic reductions in surrounding str
Currency Converter
The sale price is quoted in (EUR €). Show approximate sale price in:
Fixed Price EUR €54,300 = GBP £46,454*
Pricing Notes
Studios starting at €54,300. 1 Beds from €80,000. 2 Beds from €134,600
Payment Terms : €6,000 reservation deposit … 25% less 6,000 when preliminary contracts are signed (late 2008) … 75% on completion (2011)
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