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Investment Property » For Sale » Hungary » Budapest » Sun Palace    

Sun Palace


Location

Hungary
Budapest
District 3

Price

£48,000

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Property ID: 128802










     
 

 Description

Key selling points

  • excellent rental opportunity
  • luxury spec
  • phase 1 already sold

We are excited to be able to offer our clients the opportunity to purchase on this stunning new riverside development. Consisting of 550 luxurious apartments, set in luscious gardens and benefiting from a host of facilities including a spa, gym, shops and restaurants. Standing on the site of a centuries-old textile factory, the developer has incorporated some of the original façade into the build to create a unique and spectacular design. This development is aimed at wealthy hungarians, expatriates and foreign investors. It would make an ideal purchase if you are looking for steady capital growth and a rental property to attract corporate tenants. Budapest is increasingly become known as the Eastern European Capital of Commerce and the rise in corporate tenants has increased the demand for properties of this calibre. Easily rivals any one of the riverside developments lining the Thames.

Sun Palace is one of the most exclusive new build residential parks available in Budapest. The development is positioned on the banks of the Danube River in Buda - the hilly side of Budapest, just opposite Margit Island, next to the ancient Roman ruins of the Amphitheatre. The building offers panoramic views of national treasures such as the Parliament, the Buda castle and the Citadel with the Statue of Liberty. The downtown area is highly accessible by two main roads and public transportation. It is situated on a 15000m2 site. The building itself will occupy nearly one third of the plot, leaving a garden area of 9000m2 complete with fountains, benches and scenic footpaths. It will be a luxury development with exclusive restaurants, cafés, shops, gym and business centre, plus a 24-hour security service and wellness centre including swimming pool and sauna.

This modern residential complex with luxury amenities is being built in two phases. Phase 1, consisting of 280 flats is now sold out. Phase 2 comprising of 270 flats, will be completed by the middle of 2007. The developer has allocated a small number of these to foreign buyers and we are therefore delighted to offer this fabulous project to our clients.

With nearly fifty different types of apartments, ranging from smaller 35m2 studios to one, two, three or four bedroom luxurious flats for larger families. Some of the larger apartments are lofts with a four-meter ceiling height, some with a marvelous panoramic view of the nearby Margaret Island and the beautiful Buda Castle. The building itself will be up to nine stories high. You won't find a more impressive location for attracting tenants.

Sun Palace is not comparable to any other residential complex in Hungary. Not only because no other such location is available, but also the special amenities, the luxurious finishes and the trendy design and ultimately the living in loft experience that gives the extra touch. Indisputably, Sun Palace is setting the trend in the residential market. It has attracted a wealth of media attention since it appeared on the market.

  • Airport Budapest
  • Bar
  • Beds Studios, 1, 2, 3 and 4
  • Concierge
  • Furnished Kitchens included
  • Furnishing Options
  • Garden Communal landscaped
  • Gym
  • Internet
  • Superb rental opportunity
  • Parking Optional extra
  • Restaurant
  • Security 24 hour
  • Spa
  • Wellness centre
  • Supermarket And shops
  • Wheelchair Access
  • Lifts in each block

 
     
     
 

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