District Viii, Budapest, Hungary

Exceptional 151 m² flat with balcony and original frescos for sale next to Courtyard by Marriott hotel.

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This property is situated in a prime location along Budapest's Grand Boulevard, right on József körút in the heart of Palace District, on the border between 7 and 8 districts, at the edge of the vibrant and rapidly transforming inner city. This stretch of the city has seen continuous regeneration, attracting both local and international investors due to its high rental demand, central location, and excellent connectivity.

Investor Highlights:

Strategic Central Location: Adjacent to Blaha Lujza square, one of the city's most important transport nodes (Metro line M2, trams 4-6, major bus lines), ensuring unmatched accessibility.

High Footfall & Visibility: Located next to the fully renovated Courtyard by Marriott hotel, bringing continuous international traffic to the area and boosting both commercial and short-term rental value.

Urban Renewal Zone: Blaha Lujza square has recently undergone a complete urban renewal, featuring new green spaces, pedestrian-friendly zones, and improved public infrastructure-enhancing livability and curb appeal.

Retail Convenience: Just two steps away from Europeum Shopping Mall, offering direct access to essential services, shops, cafes, and grocery options-an attractive point for both tenants and buyers.

Rental Demand: Ideal for both long-term residential investment and short-term rentals, thanks to the proximity of several universities (ELTE, Semmelweis, Metropolitan), theaters, cultural venues.

Architectural Appeal: Positioned in a classic historic building with great ceiling height and charm-perfect for value-added upgrades and renovation potential.

The flat is located on the 1st floor of the stunning Neo-Renaissance Hazay House (1894), this bright and spacious 151 m² apartment offers a unique blend of historic charm and investment potential. With high ceilings, grand original windows, and impressive natural light, the flat features 4 large bedrooms (21-30 m² each), including one with a private bathroom and balcony overlooking József Boulevard.

The apartment boasts rare original ceiling frescos, beautifully preserved arched doors with glass artwork, and generous proportions throughout. It has a private entrance from the corridor, ensuring both privacy and prestige. Currently rented to students and in good, livable condition, it also presents a perfect canvas for a high-end renovation to unlock its full potential.

The building is well-maintained with an elevator, dual entrances (from both József körút and quiet Somogyi Béla utca), and sits just a minute's walk from the renovated Gutenberg Square and park. This is a rare opportunity to acquire a truly character-filled residence ideal for long-term rental income or refined personal living.

For extra information or consultation please feel free to contact us. William McKenna Consultants Budapest.

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