Property description:
Brilliant Buy-To-Let in cosmopolitan Budapest. Fantastic loction, great prices plus a 2-year 7% rent guarantee

Property features:

Property particulars:

Newly-built apartments in the central 7th District of Budapest, below value with a rent guarantee!

Investment

132 units
Sizes: 36 - 221 sqm
Completion: Autumn of 2008


- Guaranteed rent for 2 years with 7% rental yield
- Great payment terms: 20%-80% mortgage possible with the help of the developer
- Safe buying process: bank guarantees on all payments, funds going into ESROW account that cannot be touched until completion
- Per square metre prices from 1,320 Euros, significantly lower than the other developments in the area
- Investing in central District 7, crammed with classical buildings so there is a lack of building sites and new constructions are a rarity
- Excellent transport links, new tube stop due to open within 50m, walking distance to the Eastern Railway Station
- Walking distance to the City Park
- The biggest shopping centre in Hungary (Arena Plaza) is nearby with 200 shops & a Tesco
- Sport centre is planned to be built next door
- 10-year law-enforced structural guarantee
· Studios from 53,135 Euros
· 1-beds from 67,802 Euros
· 2-beds from 90,430 Euros

Location
The development is situated in a booming part of the 7th district, on one of the last buiding sites available. District 7, old Jewish area is crammed with classical buildings so new constructions are a rarity due to the lack of building sites. The development is located in the popular Zuglo area, on the border of the garden district and a few minutes walk far from the important 100 hectare City Park. City Park is one of the largest parks in Budapest and is also called the lung of the capital. There is something for all age groups to do in this recreation area with its Amusement Park, Zoo, Cirkus, museums, thermal baths, rowing lake and City Park Ice Ring. A sport centre is planned to be built right next to the development, besides the tennis courts. Arena Plaza with 200 shops and 2500 parking spaces is the biggest shopping centre of Hungary. The Eastern Railway Station is nearby.
The development
The condominium will stand in a lovely, quiet road where there is hardly any traffic. There will be 132 apartments built to a high standard to serve the needs of the young as well as larger family units.
The development is distinguished from other new constructions by its contemporary, human-centered design. The developer intentionally has not to used all the available space for building apartments. This allows for an airy and practical environment to be created for the future occupants.

There will be underground parking and storages spaces available. There will be a surveillance system and a reception to ensure security. The construction will take place in accordance with the highest technical and fire safety standards.
The development features a communal roof terrace and sunbathing area on the top floor, to take advantage of the hot Hungarian summer.
Developer
The developers have set up business in 1995 and have satisfied many clients by building a number of high quality properties. The developer was also involved in the renovation of the Synagogue of Budapest, which is the biggest Synagogue in central Europe.

Purchase costs