Sale of land with hotel construction project

  • € 3 000 000
  • Commercial Land For Sale
  • Lot size 3 725 sq m
  • Total square 4 565 sq m

Description

This prime positioned vacant land is situated at the edge of the center of Budapest. The property is at Budapest's most frequented and busiest transport hub. There is an excellent network of public transport as the project is located near of Örs Vezér square.
The site is located in the zone of the Hungexpo Budapest Fair Center and the Kincsem National Horse Racing. The development land offers 180 degrees green area views to the National Horse Racing Park as the property is situated on the same plot. It’ll provide a unique opportunity for equestrian tourism. Thanks to the unique characteristics of the site there is a full view of the 88 acre of horse racing green area and offers excellent view to the distant Gellert Hill, the Buda hills. Nearby are several universities and colleges (at 500 mt. Budapest Metropolitan University, at 2 km. Central European University) giving an opportunity to establish a luxury hostel with the same approved floor plan, which can be leased with contract for a net annual fee of cca. one billionHUF.
The hotel plans are approved to build a hotel of 5 floors + basement + attic, 96 rooms + as the official fire expert opinion confirm in the attic is allowed to realize there a luxury residence for the owner.There are 2 conference halls on the ground floor, a large lobby bar, pool with separate spa area, garage and a huge parking lot for cars and tourist buses. On every floor three rooms are provided for disabled guests - notice that any room can be onverted into it as their size allows it. According to the plan it can be realised much more parking place as the regulation.
It has a valid approved construction permit with BKK’s contribution to the direct connection to the Fehér street which has a very big value in itself, so that allows to the owner to form an own street besides the hotel’s field. As the land size is 3725 sqm, it means that there are 840 sqm you don’t have to buy but the final used area will be 4565 sqm. Nothing else is needed to start construction, you can immediately begin to build.
The workmanship could be realised very cheaply as it is a greenfield investment. The investor can duplicate the invested amount in one year, as the new hotel building will worth the double according to the technical and implemetation level of 017-2018.

Details

  • Listing status: Active
  • Available from: Aug 28, 2017
  • Listing #: 854636

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Map

Address:
Latitude / Longitude: 47.479100 / 19.158350

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  • Name: Alex Flavio Tischler
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