Member of the A1 Group
Development area on main road # 7 near Lake Velence

Lake Velence

831,500

126 / sqm

1

Rooms

beds

1

Bedrooms

sqm

6586

Approx sqm

Development area on main road # 7 near Lake Velence

Lake Velence

Show on map

831,500

HUF 300,000,000

1

Rooms

beds

1

Bedrooms

6586

Approx sqm

Key Details

baths
1
Floor:
1
Sqm price :
126 / sqm
Elevator:
No
View:
Apartment Condition:
Good condition
Orientation:
West
Building Condition:
Good condition

Ideal For

Long Term Rental

Long Term Rental Establish hassle free income by assign a property manager. The type of the rental reflects the current condition and features of the property as well as the suitability of the location.

Expected Yield

8

%

Listing Description

DEVELOPMENT AREA ON MAIN ROAD # 7

A commercial / industrial property on main road No. 7.

 

Directly next to the extremely busy main road No. 7, there is 6586 m2 of industrial and commercial development space

- Just 4 km from Lake Velence

- Zone classification: GKSZ-2

- Maximum buildability: 40%

- Installation mode: free-standing

- Maximum building height: 7.5 m

- Minimum plot size: 3000 m2

- Utilities on site:

  •   electricity: industrial electricity
  •   water: yes, and there is also a 40 meter deep well
  •   gas: yes
  •   sewer: sewage treatment plant

Building on the property:

 - 220 m2 auto repair shop: 3 slot repair shop, customer reception lobby, warehouse and employee usage rooms (changing room, kitchen, shower).

 - 36 m2 studio apartment upstairs

40% of the plot can be built on (2634 m2), of which only 3% is currently built.

 

Excellent investment opportunity:

 - the auto repair shop already has a well-established customer base, the rest of the plot can be easily rented out to other companies as a car dealer or for any other purpose thanks to the excellent location next to the busy road.

 - without further development a yield of 8% can be achieved even in its current state.

 - Due to the fact that 2634 m2 can be built on the area, so with further development can produce a significantly higher yield, especially considering that there are almost no industrial properties for rent in the dynamically developing Lake Velence area.

Amenities

All square footage measurements are approximate and should be independently verified and confirmed. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Matthew & Daniels expressly disclaims any liability in connection with such measurements.