Agribusiness, investment, bourgeois comfort in the capital

249.000.000 HUF

BUDAPEST, 1164 Budapest (XVI. kerület)

Hungary

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Description
On one of Cinkota's newly upgraded external main roads leading out of the town, a large civic living space has been created that, with up to three separate apartments, is suitable for a large family to live together, as well as for running a large family business.
Two upper levels, three living areas, a multi-storey garage and workshops on the lower level, storage rooms, parking spaces in the front garden.
What's more!
The plot of land behind the building, which is huge by Budapest standards, is also part of the entire property complex offered for sale, making it one of the largest in the area, with a total of 5,644 m² available to the new owner, either for farming or long-term investment!
Location.
The first floor level of the building is 136 m² in itself, with two terraces of an additional 50 m², the total floor gross is 224 m², the useful floor area is 200 m². 4 bedrooms, 2 bathrooms, 1 guest toilet, 1 kitchen, large terrace.
On the upper, second residential level there are two separate living areas with private bedrooms, bathrooms, balconies, kitchenettes. Two separate living areas, or for other uses up to 3 offices!
The total gross floor area of the upper level is 210 m², with a useful floor area of 180 m². 3 and a half bedrooms, 2 kitchenettes, 3 bathrooms, 3 balconies.
On the lower level, i.e. the basement, a mixed space with workshop, storage, carport has been created to conveniently serve a business. 7 separate rooms in 5 separate air spaces, main entrance, rear exit, staircase, total 212 m².
The building as a whole is ripe for a complete renovation and modernisation. Traces of previous leaks due to unprofessional balcony insulation and solar collector leaks can still be found, but the aesthetic traces remain.
Other features: central heating with gas boiler, 2 solar panels for hot water, 3x16A mains electricity, 2 sub meters on the upper floor, cable TV, separate entrances to the upper and lower floors, large and wide terraces, access to the back garden. The attic is insulated, accessed through the attic staircase, in immaculate technical condition. The whole house can be walked around, both side lanes are 3-3 metres high. The garage shed is arched, widening of the inner arch is possible, recommended!
The rear plot is 22x220 meters, classified as agricultural land with garden (Mk/XVI) according to the district land use plan. According to the land registry (internal) arable land. As all agricultural land in the city of Budapest (including the surrounding area) is slowly being reclassified, the advantages of a medium-term investment are self-evident.

For agricultural activities, farming, for the production of crops and products that can be processed in the preparation and packaging workshop on the lower level of the house, it is perfectly suitable! Transport can be arranged nationally, thanks to the fast access to the M0 motorway.

One of the best opportunities for agribusiness families within Budapest!

Looking at the real estate market environment in Budapest and Cinkota, considering the size, possibilities and location, the average market value of this house in its average condition is 284 MFt, the land 50 MFt and the total market value of the whole property complex is currently around 334 million HUF. After taking into account the renovation and repair needs and including a business correction, the current asking price has been set at HUF 249 million.

Please contact us if you are interested! Respecting the owners' wishes, we can provide more information and arrange a tour of the property at your request before viewing the property in person at our Budapest office. More pictures and floor plans are available on the MIK office website.