Property Renovation Project – Felsőerdősor Utca, Budapest

Investment Opportunity with Restoration Project in Central Budapest

A unique investment opportunity is offered for sale — an apartment complex located in the prestigious District VI of Budapest, close to the city center. The project involves complete renovation of the existing buildings while preserving the historical façade and transforming the site into a modern residential complex.

Key Features of the Project After Renovation:

Total plot area: 481 m²
Total built-up area: 1,257 m²
Number of apartments: 35 (each 22–25 m²)
Commercial space (café): 43 m²
Rooftop terrace: 42 m²
Inner courtyard: 100 m²
Façade status: Historical façade to be preserved
Permits: Fully approved building permit and project documentation

Location:

The property is situated in the historic center of Budapest, in District VI — a highly desirable residential and investment area.

Distance to city center: approx. 15 minutes
Nearest metro station: Kodály körönd, 5 minutes on foot
Distance to airport: 21 km (30–40 minutes by transport)

Infrastructure:

Within walking distance:

Shops (3–10 minutes)
School (5 minutes)
Cafés, bars, restaurants
Public transport connections

The project is offered for sale in its current condition. After purchase, the new owner will carry out the restoration of the property independently, following the approved project and the valid building permit.

This property offers an excellent investment opportunity for those seeking a high-potential asset in one of Budapest’s most sought-after districts.

Purchase Price: €1.7 million + VAT

District 6. - Terézváros

This part of the city was named after Maria Theresa, a former Hungarian queen. The old Andrássy Avenue crosses the entire district, entering the Heroes' Square, the gate of the City Park, where, besides the vast green space, many museums and the Zoo provides regeneration opportunities for residents of the area.

Departing from Deák Square, travel on the continent's first subway line (M1) to the world-famous Opera, or at Oktogon, take the tram line 4-6, which takes us halfway through the city. Next to Western Railway Station (designed by Eiffel), Westend City Center is one of Budapest's largest shopping centers, offering offices spaces, shops, restaurants and a cinema. Other restaurants and cafés line both Andrássy Avenue and the cosy trees of Liszt Ferenc Square.

There are several theatres on Nagymező Street offering cultural performances. Part of the district, close to City Park, is home to embassies from many countries with elegant villas. Students may prefer the area due to the proximity of the ELTE Faculty of Education and Psychology or the Liszt Ferenc Academy of Music. On Andrássy Avenue there are several office buildings waiting for companies looking for an elegant location.