Development land for sale in downtown Budapest

Csengery utca, Budapest, VII. District
SOLD
Price 489.000.000 Ft
Ref: RMX-35253
Eladva/Kiadva / Sold/Rented
13
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Property Details
Price: €1,190,000
Price/sqm: €1.954
Official Size: 609m2
Actual Size: 609m2
Lot size: 609 m2
Property Type: Development
City: Budapest
District: VII.
Property Description
We offer for sale in thecity centre of Budapest, in Csengery street VII. district, a fully utilised, development plot.

The location is very valuable, with excellent infrastructure. The property is located between Andrássy út and Almássy tér, close to the Hunyadi tér market.

The plot has a regular rectangular shape, 609 sqm according to the title deed, with the following additional parameters:
Zoning: Ln- 1/1 urban (high intensity, closed courtyard)
Type of building: closed
Maximum buildability: 60-80%.
Maximum number of levels: 5 storeys
Building height: 24,5 m (highest point 30 m)
Street frontage: 18 m

The site is currently occupied by structures, they are not classified as protected buildings and can be demolished. The condition of the property is in line with the modernisation of 20 years ago, previously used as a business centre, no preparation for development.

There are a number of developments currently underway in the area, making this an excellent opportunity for a condominium project.

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