Renovation Project In Magyar UtcaID: 3281

Property Summary

Located in one of Budapest's most sought-after downtown neighborhoods, this 61 sqm mezzanine-level apartment with western exposure is situated in a classical residential building. Please note that the building does not have an elevator. The property is a partially completed renovation project that began in 2020. However, due to the significant increase in construction costs, the renovation was suspended, and the owner ultimately decided not to continue the investment.

According to the planned layout, the apartment consists of one bedroom, one bathroom, a separate kitchen, and a spacious living room. Several important preparatory works have already been completed, including the installation of the infrastructure for an electric heating system and the construction of new partition walls in several areas. One of the property's standout features is its large floor-to-ceiling windows, which provides the apartment natural light.

A unique opportunity is that this apartment is currently connected to the neighboring 73 sqm property, which has a separate land registry number and is legally registered as an independent apartment. This larger unit was previously used as an office and is also in need of complete renovation; however, no renovation work has been started there. The two apartments can also be purchased together, creating a combined living space of 134 sqm, offering excellent potential for a spacious luxury city residence, two separate apartments, or even a combination of residential and office space.

Both properties have their entrances opening onto a private inner courtyard with its own entrance gate, which can be separated from the rest of the building if desired, providing an exceptional level of privacy rarely found in the city center.

The location is outstanding, situated in the vibrant historic center of Budapest. Within just a few minutes walk, you will find charming cafés, popular restaurants, bakeries, shops, and a wide range of everyday amenities. The neighborhood also offers excellent cultural attractions, with several universities, museums, and theaters nearby, while the Danube Promenade and Károlyi Garden provide wonderful opportunities for relaxation. Public transportation is excellent, with metro lines, trams, and bus routes all within easy walking distance, allowing quick and convenient access to every part of Budapest.

For further information, please do not hesitate to contact us.