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K apartment project Ref.: 849937 

District 8 • Studio • Size: 59 m2

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).
  • District: 8
  • Studio
  • Size: 59 m2
  • Floor: 6
  • Garage: No
  • Parking place: No
  • View: Street
  • Furnished: No
  • Elevator: Yes
  • Air conditioned: No
  • Sales price:
  • 119.383.000 HUF
  • (297.714 EUR)

The EUR price is only indicative, calculated at the rate of 1 EUR = 401 HUF
The pictures are illustrative, any description made or referred on this Site are subject to availability,
do not constitute an offer and may be withdrawn or revised by Tower International Kft. (or by the operator) at any time.