Brand New Hotel In Budapest - Hungary Property For Sale Or Rent at BestRealEstatePlanet.com

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Hungary

108 Baross Str
Budapest
Budapest
1085
Hungary

Property for sale: $2,700,000 USD

Hotel For Sale in Budapest, Hungary

Budapest, Hungary, Avenue Baross, 10 minutes walk to Ring Boulvard, a Brand New Hotel building for sale.

The new Hotel building is at cental location and with great public transportation.
Total useful area is 1500sqm (16000 sqf), on 7 level, with 40 apartments.
Each apartement area is cca. 33 sqm (340 sqf), double room
with kitchen and bathroom.

Budapest, Hungary, Avenue Baross, 10 minutes walk to Ring Boulvard, a Brand New Hotel building for sale.

The new Hotel building is at cental location and with great public transportation.
Total useful area is 1500sqm (16000 sqf), on 7 level, with 40 apartments.
Each apartement area is cca. 33 sqm (340 sqf), double room
with kitchen and bathroom. A 26 car parking lot is in the basement.

The building will be completed in May06.
Currently 95% finished, painting and flooring in progress.
Built for middle-class, 3 star hotel/motel.
The hotel is scheduled to open in June2006.
Price: $2700000
By opening in June 2006, the buyer can jumpstart the new hotel in the high season. Initial business support negotiable.

Visit website below for more information.

The Budapest hotel industry enjoys fast growing (10%+) turism and business market, 65-70% occupancy rates, international room prices, and low local costs.

Property Summary

Offered by		Owner
Construction Year		2006
Area		1,500 m2
Bedrooms		40
Bathrooms		40
Sleeps		100
Stories		7
Parking Spaces		26
Features		Furnished, Appliances, Maid's Quarters, Maid's Bathroom, Laundry Room, Gym/Spa, Balcony, Cable TV, High-Speed Internet, Air Cond,