OFFER ID: 2007

Investment Opportunity-Budapest Apartments for sale-Hungary apartment.0% Commission/Buyer Fee 0%!!!

Overview Parliament Suites:

* located in the downtown central business Area

* close to the Parliament building and the River Danube.

* Development withing a minute walk from Metro, Tram & Buses

* Highest specification development adding Ben de Lisi’s designer flair

* Excellent Rental potential with high yields anticipated due to location

*PRICES:

1 BEDROOM apartments - 299.383 Euro

2 BEDROOMS apartments - 367.965 Euro

3 BEDROOMS apartments - 589.000 Euro

RECOMMENDATION FACTOR

Parliament Suites 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. This exclusive development is expected to be ready by December 2008. Based on the designs of local architect József Hubert, the building of the Parliament Suites development 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 here the traditional architecture stops, and the modern refurbished five-star contemporary feel of Parliaments Suites begins.

To achieve the maximum impact on the market, the developer has employed the services of top UK fashion and interior designer Ben de Lisi in order to develop the new ambiance 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.

When compared to similar properties in the area the Parliament Suites development provides an excellent opportunity for investors, situated just 60 metres from the Danube

Located in the much sought after downtown central business District 5, commanding a prominent position within its area, Parliament Suites is close to the Hungarian Parliament, the new Four Seasons Hotel and Jozsef Nador Square, which faces onto the river Danube. The area is also home to other significant government buildings. These include the Ministry of Agriculture the Ministry of Internal Affairs, and the Museum of Ethnography. In the surrounding streets are housed several state bodies including the Hungarian National Bank, the Hungarian Television and the headquarters of many major financial institutions, thus providing a strong potential rental market belt. Extensive public transport links including the metro, tram and bus are all within walking distance and just minutes away.