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Vaci Business Suites

budapest, hungary

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Development Features

  • 49 Apartments within the Vaci “Office Corridor” in Budapest
  • Fully furnished to 4 star Aparthotel standard
  • Parking unit included in the price
  • Complete range of Concierge & Business services for long & short-term tenants Included in the price of each apartment
  • 5 year leaseback contract at 5% rental yield per annum (Approx 6,1% gross) with the option to renew lease or resell units after 5 years
  • Estimated 8% annual capital growth forecasted ***
  • Prices from €95,506 / £76,100 approx.*

  • Summary

    As the Budapest Times has recently quoted: “A number of new service centers have decided to locate their operations on Váci út, the main business corridor of Budapest, while others have extended their lease. Some of the key shared service center transactions were Diageo in West End Business Center, Inbev and IBM in Duna Tower and Celanese Corporation in Váci 33. Another active business sector on the Váci út were state owned companies and agencies. Some of the larger transactions were ESZA in Atrium Park and Magyar Posta in Gateway.

    The Location - District XIII

    The Vaci Office corridor runs through District 13 and is lined with office complexes and Class A offices. Many banks and International companies relocate to Vaci Avenue. The two biggest offices complexes in Budapest, Duna Tower and Europe Tower are located on Vaci. Some companies located on Vaci include: Erste Bank, Budapest Bank, General Electric, Exxon Mobile, Ernst & Young, Dresdner Bank and Porsche Bank.

    Central location – within 5 minutes of the project

  • Westend and Duna Plaza shopping malls
  • Tesco Hypermarket
  • River Danube
  • City Park, Szechenyi Bath, Heroes Square
  • Police Headquarters
  • Danube Marina
  • Main transport junction for major bus, metro, trams and trains lines

  • The Project

    Vaci Business Suites is a 6 storey building consisting of 49 well appointed apartments ranging from one to three bedrooms. There will be underground parking facilities, storage units and a courtyard. On-site property management and concierge services will be available for all tenants. These modern apartments boast plenty of natural light, a balcony and the top floor units even have a large roof terrace. Completion date for the project is scheduled for June 2009.

    The building and its services will be created to cater for the fast growing rental market in the area. The surrounding area known locally as the Vaci “Office Corridor” houses many corporate employees requiring short and long term rental property. Due to its location and services, Vaci Business Suites is ideally suited to provide short and long term tenants with the most attractive property in this area.

    Payment Schedule

    Prices from £76,100*. Due to popular demand, units in this development sell on a daily basis. Please use our enquiry form to request a full colour brochure, current availability and price list.

    Reservation Deposit
    €3,000
    Payment Schedule
    30%/70%
    Estimated completion date
    June 2009

    enquire here

    *Prices subject to availability and changes. Currency subject to exchange rate.** The final mortgage conditions are subject to the terms and conditions of the bank and on the client solvency qualification process. *** Capital Growth figures should be used as a guideline and not a guarantee as to the performance of your investment.