4 Garibaldi
District V, Budapest
Hungary
Description
Apt types: Mix of one, two
and three bedroom apartments
Average Purchase Price (excluding fit-out):
€294,000 for 1 bed
€362,000 for 2 bed
€422,000 for 3 bed
Based on the designs of local architect Jozsef Hubert, 4 Garibaldi was
constructed in 1904. Built as a bank, its classic style typifies the original
architecture seen in the mature parts of downtown Budapest. From Garibaldi
Street, the building is accessible through a richly ornamented wrought iron
entrance but it is here the traditional architecture stops and the modern
refurbished five-star contemporary feel of 4 Garibaldi begins.
To achieve the maximum impact in the local market, Prestige Group has employed
the services of top UK fashion and interior designer Ben de Lisi to develop the
new structure behind the building's 100-year-old facade. Fusing the past with
the present, de Lisi provides the practical design and lifestyle requirements
that will undoubtedly attract the high-end tenant and consequently the maximum
rental potential in the Hungarian capital.
4 Garibaldi is made up of 37 one, two and three-bedroom luxury state-of-the-art
apartments spread over six floors, sitting above a commercial ground floor space
and basement area. Prices start from €160,000 for a one-bedroom apartment and
are up to €590,000 for a three-bedroom duplex penthouse apartment which is in
excess of 150 square metres.
Incentives
Interior design by world-renowned international fashion and interior designer,
Ben de Lisi, to provide a signature five-star standard
Favourable payment terms with only 30% due at exchange stage
Investment Benefits
37 one, two and three-bedroom luxury state-of-the-art apartments
District V location with current rental returns averaging €800 for one-beds,
€1,400 for two-beds and in excess of €2,000 for three-beds
60 metres from the river Danube and Hungarian Parliament buildings
Completion scheduled late 2006
€2,000 booking fee to reserve a unit
Location
Located in the much sought after downtown central business District V
Runs between the Hungarian Parliament, the new Four Seasons Hotel and Jozsef
Nador Square, which faces onto the river Danube
New five-star structure behind the building's 100-year-old facade
Set to attract the high-end tenant and consequently the maximum rental potential
in the Hungarian capital
For Further Information Regarding This Property Please Write to:
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Price, terms and availability of the property is subject to change without notice. This is an equal housing and credit opportunity. This promotional effort is not intended to constitute an offering in violation of the law in any jurisdiction. Complete offer information is available upon request. Models do not reflect any racial preference.
Disclaimer for US Residents: NO DEPARTMENT OF REAL ESTATE LOCATED WITHIN THE UNITED STATES HAS EXAMINED THIS OFFERING, INCLUDING, BUT NOT LIMITED TO, THE CONDITION OF TITLE, THE STATUS OF BLANKET LIENS ON THE PROJECT (IF ANY), ARRANGEMENTS TO ASSURE PROJECT COMPLETION, ESCROW PRACTICES, CONTROL OVER PROJECT MANAGEMENT, RACIALLY DISCRIMINATORY PRACTICES (IF ANY), TERMS CONDITIONS, AND PRICE OF THE OFFER, CONTROL OVER ANNUAL ASSESSMENTS (IF ANY), OR IMPROVEMENTS. IT MAY BE ADVISABLE FOR YOU TO CONSULT AN ATTORNEY OR OTHER KNOWLEDGEABLE PROFESSIONAL WHO IS FAMILIAR WITH REAL ESTATE AND DEVELOPMENT LAW IN THE COUNTRY WHERE THIS SUBDIVISION IS SITUATED.