77 apartments
to be built - 50m2
- 180m2
Exclusive project in
unique location in the centre of Budapest with luxurious standards.
Rental yields are expected to be 7-10% per annum .
Avenue Gardens, the most exclusive residential project currently in
Budapest, is located in the elegant Andrássy Avenue, the Hungarian
Champs Elysées. This luxury apartment development comprises 77
apartments, ranging from 50 to 180 m2, within 5 individual buildings,
(Amadeus, Bartok, Chopin, Debussy and Erkel), all with their own lift.
The exquisite Avenue Gardens will include a spectacular Japanese style
inner garden, with a waterfall and a fountain, an indoor swimming pool
and a wellness area, a 24 hour concierge and security service, a laundry
and restaurant service and secure underground parking. Completion of the
project is scheduled for October 2007, as the construction of the new
buildings and the refurbishment of the Amadeus building, which is
protected as part of the UNESCO World Heritage sites, has already begun.
Investment Overview
▪ Exclusive project in unique location in the centre of Budapest
▪ Luxurious standards, 24-hour reception, concierge service, in-door
swimming pool and Japanese Garden
▪ Rental yields expected to be 7-10% per annum
▪ Selling prices from 202,000 EUR / 133,000 GBP
▪ Expected LTVs of 80% with equity requirement starting 40,400 EUR/
26,600 GBP
▪ Developer is one of the largest regional developers- ORCO Group.
▪ Prices including high quality kitchens, designed bathrooms, secure
parking
Further details on request
