Hungary individual property for saleA rare opportunity has become available to buy a luxury flat in one of the most chic developments in Budapest, complete with sitting corporate tenants on contract until March 2007. The flat is on the 8th floor of the much sought-after Riverside development in District XIII with fabulous views across to Margaret Island and to the Buda Hills beyond.
Completed in 2003, this development comes with all mod cons including swimming pool, sports centre, 24-hour security etc. See www.riverside.hu for more info and pictures of the development. Riverside is "the place to be seen" in this most dynamically expanding area of the whole of Budapest.
The property:
This prestigious one-bed property is on the 8th floor (only the Penthouses above) and commands fabulous views across the Danube onto the Buda Hills. With 55sqm plus a spacious balcony, it feels more like a 2-bedroom. It was completed in 2003 so is still under warranty, and includes a fully fitted kitchen (with washing machine and fridge-freezer) and bathroom and all basic furnishing.
The current tenants (German businessman and partner) are on contract until March 2007 and will most likely renew then. It is being sold inclusive of furniture and underground storage space. Furnishing includes complete kitchen (including fridge-freezer and washing machine), bed, curtains, sofa, TV, table and chairs etc.
Riverside is located just a minute's walk from the M3 Metro line, and very close to the famous Westend shopping centre. The city centre is just a short walk away.
The UK owner is selling in sterling for £84,950 all inclusive. Terms are 30% (exchange) and 70% on completion. A mortgage may be arranged subject to status. No legal or agency fees. The rent equates to a 5.5% gross yield, with a rent review upon renewal in March 2007. Equivalent (but smaller) flats in Marina Part currently retail off-plan for £89,646 plus furnishing, legal and agency costs with no rent guarantee.
This will not be available long - it is strictly first-come-first-served.
Call 01293 541667 or email martin@hungaryproperty.net