Finance Project for a redevelopment opportunity in Budapest

Property reference

Andrassy Art Deco

Asking price of
GBP 337,806

Bedrooms:	0	Tenure:	Not Applicable
Bathrooms:	0	Property age:	50-100 Years

Key selling points:

* 10 amazing art deco apartments for conversion
* One of the most exclusive streets in Budapest
* Short timeline to project completion
* 71% projected returns in around 16 months
* Bank finance in place for construction work
* Full local support and project management

The Champs Elysee is one of the most famous streets in Paris. Imagine if you had the opportunity to invest in a renovation project to restore one of the classic buildings that line its tree-fringed streets - the costs would certainly be astronomical!

Budapest may not be Paris, but the architecture is comparable and in time, property values in this majestic city will no doubt climb towards the level of its more established French counterpart. Andrassy Boulevard is likened to the Champs Elysee and with its classic stone buildings and wide tree-lined streets, it�s easy to see why the comparisons are made - this location commands a 50% to 80% premium over neighbouring streets.

This investment opportunity will see an investor partner up with a team of local property, legal, and architectural experts to convert the loft space of a run down building on Andrassy Boulevard into 10 amazing art deco apartments.

The investor will be providing working capital for the project, while the project partners will contribute local knowledge and expertise, planning and daily management of the project. Returns are projected to be around 71% for the investor after a period of 16 months - 4 months for the planning phase and 12 months for the delivery of the finished apartments. Bank financing will be obtained for the majority of the construction costs.

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Finance Project for a redevelopment opportunity in Budapest

Price: 337,806 GBP