About the property

Downtown residential development opportunity – near Andrássy Avenue!

In one of Budapest's most prestigious downtown neighborhoods, in the immediate vicinity of Andrássy Avenue, a multi-story residential building with a classic facade is for sale, for which two new attic floors are planned to be added and the building completely renovated based on a valid building permit.

The project is a unique opportunity for those looking for a development opportunity in a prestigious location in the heart of the city that will retain its value.

Basic data:

Plot area: approx. 1,000 m²
Type of development: closed row
Floor area ratio: 4.0
Building height: max. 21 m
Green space ratio: min. 20%

Existing building:
Number of floors: basement + ground floor + 3 floors + attic
Current number of apartments: 31
Total floor area: approx. 2,790 m²

Planned development:
Addition of two new attic floors, matching the original roof design
Creation of 8 new, modern apartments on the upper floors.
Installation of a steel and glass elevator in the main stairwell
Planned creation of gallery apartments and roof terraces
Complete technical and aesthetic renovation of the inner courtyard and corridors

Apartment sizes and areas:

The apartments range in size from 50 to 100 m², with modern, bright floor plans and gallery layouts in several units.

The usable living space is approximately 550 m² per floor, with a variety of layouts.

Technical details (according to plan):

Reinforced concrete floor structure
Modern thermal and water insulation (EPS 15–25 cm)
Tiled, thermally insulated high roof
Modern windows and doors, energy-efficient structures
Aesthetic facade renovation in keeping with the cityscape

Project advantages:

Valid building permit for expansion and extension
Historic building in a prestigious location
Proximity to Andrássy Avenue, excellent transport links and infrastructure
High potential for value appreciation
Rare development opportunity in the city center

Possible uses:
Residential property development for sale or rent
Loft, gallery and penthouse apartments
Ideal for domestic and international investors

This development combines the elegance of classic Budapest architecture with the demands of modern urban living.

A rare, prestigious opportunity near Andrássy Avenue – where the value of the past meets the vision of the future.

Property type

Apartment

Location

Budapest, District VI, 1061

Floor area

1,000 m²

Utilities

gas, water, electricity, sewage

Notes

Development opportunity

Contact person

Kis Hajnalka