Industrial property - Budapest, XXI.

Location

Another 3,313 m² plot land as “B package” is for sale which can be developed: 1,000 m² building can be built on it. Zoning classification: Gksz-2-GY-1 

Purchase price: 395,000 €

Asset summary

USAGE HISTORY

The Csepel Works area - one of the largest and best known areas of continuous traditional heavy industry in the country. It is located in the southern part of Budapest, on the western side of the island of Csepel.

ACCESSIBILITY

The location of the area is very advantageous. It is easily accessible by road both from outside the city and from the city centre. It has a rail link and is also accessible by water. The recently completed and forthcoming transport improvements (extension of the M0 motorway, modernisation of the HÉV) will ensure that the area is accessible to even more traffic than at present.

LEASE STATUS

The buildings are currently 100% occupied (A package), for which the owner has 3 months' notice. 

Total net monthly rental income: ~ 18,640.- €

Technical summary

AREAS

5 buildings: 3 completely renovated, 2 in good condition:

1. Warehouse: 2,490 m²;
2. Renovated office: 275 m²;
3. Refurbished workshop and commercial unit: 693 m²;
4. Two-storey brick building: 1,878 m²;
5. Single-storey brick building: 284 m².

TECHNICAL EQUIPMENT

The renovated sections have been executed in accordance with the expectations of the modern era, whether it be meeting the standards for meeting rooms, dining areas, or even restrooms.

Overview

Transaction process

1. Sending the “info memo” (information memorandum)
2. Signing a NDA (Non-Disclosure Agreement) in case of substantive interest
3. Opening a data room, conducting due diligence (to the extent required)
4. Coordination of buyer Q&A (Questions and Answers)
5. Making a legally binding offer
6. Closing the data room, finalizing sales contract
7. Financial closure, transfer of ownership

For more details and pictures, please contact us!

agency@gianthill.hu

+36 30 266 6244