Versec Mansion Budapest

Description of Area

The property is located on the Buda side of Budapest, among the rolling hills of the 2nd district. This area has given home to the wealthy Hungarian population for over a century now.

The Royal Castle of Buda, Gellert Hill, the Citadella, several thermal baths and beautiful hotels draw many tourists to this part of the city. Embassies and corporate headquarters can also be found along with the magnificent private mansions that characterize the 2nd district.

Description of the Development

A beautiful and modern building was constructed on this plot of 1,437 square meters. The building has a basement parking level, and 4 floors above the ground.

Currently the function supports 22 modern offices with air conditioning and a built-in computer system. The building is currently let, the yearly rental income is 100,000 EUR.

Development Features:

• Country: Hungary
• Region: Budapest
• Location: District 2
• Size: 1437sqm

Reasons To Invest:

• Joined E.U. in May 2004
• Strong Rental Maket
• Low Property Prices
• 2 Million Strong Capital City
• Lowest Corporate Tax Rate
• Capital Appreciation - 12% a year
• Well developed legal framework

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