K apartment project Ref.: 849937 

Description

K9 Residence. 1089 Budapest, VIII. kerület Kálvária tér 9.

• Expected handover:end of July 2025.
• Current condition:the project is structure ready. Currently, it is only possible to sell 1 or 2 full-floor apartments (1 floor usually consists of 4-6 apartments).
• The accessibility of the project is excellent:the project is located close to metro lines M3, M4, 4 and 6 tram lines and 2.5 km from the city center.
• In the narrower surroundings of the project:Fazekas High School, Semmelweis University, National University of Public Service, Chinese Market, shopping centers (e.g. Corvin Plaza), restaurants can be found.
• The project consists of a total of 24 apartments (with a floor area of 28-169 m2) on a total of 7 floors.
  The apartments on the first 5 floors (28-68 m2) have hotel services (great for rent), while the 6th-7th floors are premium residential properties (including penthouse apartments) with a nice terrace overlooking the garden or park.
• Available facilities in the project: 24/7 reception service, indoor and outdoor parking lots, an elevator and a shared garden.
• The apartment prices are absolutely affordable:you can review the list prices on page 12 in the attached K Apartment project- English presentation PDF document.
  There is an opportunity to receive more discounts if the Buyer buys 1 or 2 full floor apartments (1 floor usually consists of 4-6 apartments).
  The apartment prices (on page 12 in the attached K Apartment project- English presentation PDF document) include: 27% VAT, electrical outlets in the kitchen, sanitary ware in the bathroom, only the box for the electric shutter is installed, the kitchen machines + furniture are negotiable.
• Payment terms:
  30% upon signing the contract,
  40% upon technical handover,
  30% upon occupancy permit.
  
  As a company, there is a possibility to purchase the project with a loan, we can also offer a great loan option: for companies 10 years, 3% fixed annual interest, max. HUF 150,000,000/ company. In the case of foreigners, a Hungarian citizen must be designated as a 50% owner (manager) in the company.
• The project's ROI (Return on Investment) index:3-5% per year.
• Currently available apartments: except the 1st and 3rd floor apartments (highlighted in red in the attached K project- English presentation PDF document), the other apartments are all available to buy.
• Who do we recommend the project to?
  1. Foreign investors: they can purchase 1 or 2 whole floors of apartments and then resell them at a higher price.
  2. Those foreign nationals (even citizens with green passports) who are seeking for passive income opportunity: the apartments can be rented out for both short and long term.
  3. Those who are looking for a Hungarian residence permit due to the fact that they can establish a limited liability company in Hungary, where the main activity may be renting out one's own property/properties (Hungary offers the most favorable conditions for establishing a company in the EU).