Budapest Property Sales
Hungary Golden Visa

Gerloczy City Center

HUF 220M  

Budapest 5th District

Bedrooms:2 and Bathrooms:2  

Size of apartment: 110 m2

A unique opportunity to buy a highly renovated large classic 2 bedroom apartment in Budapest.

Situated in the heart of the sought after 5th district on a high floor (4) with a lift and a light aspect. Not overlooked in the quiet Gerloczy street which leads onto the main central hub of downtown Pest, Deak Ferenc Ter.

This 2 bed, 2 bathroom 110sqm apartment has been recently renovated with circa 150,000 (60mft) worth of craftsmen's work and high quality fixtures and fittings reflected in the asking price.

The building and the flat could be ideally suited for representative purposes of hosting friends and business / work colleagues.

It also has many desirable restaurants, cafes, designer stores and downtown amenities in short walking distance. A 5 minute walk and you are on the Danube promenade.

The quality and price level of the flat also mean Non EU buyers could use the purchase-of the flat to Qualify for Hungary's highly desirable Golden Visa scheme. Enabling Schengen visas for a whole family for 10 years with a renewable option for a further 10 years.

The seller is a private individual, an older Hungarian Emigre whose children and grandchildren do not have an interest in owning property in Hungary.

There are no agents involved, and we do not wish to speak with any agents regarding this sale. The owner is English and Hungarian speaking and able to help you with full transaction advise including legals, accounting and Visa application advice.

The flat is sold freehold without any mortgage or debts. A straight clean sell from owner to buyer.

All furniture can be included as part of the sale and the flat can easily be rented out at circa 2500 to 3000 euro per month giving a yield of around 5%. (As well as any capital gain going into the future)

Cost price: € 556,962