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Real Estates in Kossuth Lajos and Reáltanoda
streets
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Data
Land registration number 24196 Address
Budapest, V. Kossuth Lajos Str. 7. Registered
owner PRETIUM Real Estate Ltd. 1053 Budapest,
Szép Str. 4. 1/1 Location municipal
area Designation residential building,
court, farm building Size of plot 748
m2 Marginal noteson the proprietary papers
none Claims on the proprietary papers
none Zoning city centre
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Data
Land registration number 24197 Address
Budapest, V. Kossuth Lajos Str. 9. Registered
owner PRETIUM Real Estate Ltd. 1053 Budapest,
Szép Str. 4. 1/1 Location municipal
area Designation shopping mall Size of plot
1735 m2 Marginal noteson the proprietary papers
none Claims on the proprietary papers
none Zoning city centre
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Site description
The property is located in the Inner City of
Budapest, between Kossuth Lajos and Reáltanoda
Streets, in the heart of the city. In the area of
Kossuth Lajos street office buildings, banks,
governmental institutes, shopping malls, shops,
hotels and restaurants are representing Budapest
as a metropolis. Kossuth Lajos and the
surrounding streets are one of the busiest
districts of Budapest. Due to the central
location it is very well accessible. Both lines
of Metro (2, 3) are passing by Kossuth Lajos
street. On Károly and Museum Ringroad we can find
tramline, and further buslines in Kossuth Lajos
and in the neighbouring streets.
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Real estate description
The referred real estates are located in the
Kossuth Lajos street 7-9. The plot (No. 24196)
is in the Kossuth Lajos street, having an own
entrance. The plot (No. 24197) is between
Kossuth Lajos street and Reáltanoda street having
entrance possibilities from both streets.
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Real estate complex
The real estate complex is made of four
independently accessible buildings. On the
Kossuth Lajos street we can find the ex-Úttöro
shopping mall, which was built in the 1910s as
the shopping mall of Nagykovácsi Milenkó. Since
1950 till the Hungarian privatisation it was run
under the name Úttöro Shopping Mall. In 1950
during the restoration of the building the ground
floor shop-windows and the rooms behind, as
well as the storerooms of the neighbouring
residential building (Kossuth Lajos street 7.)
was added to the structure as an extension.
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Real estate complex
Building 1. Kossuth Lajos street 9.The strait
plot is covered by a ground floor and a loft
bordered by a glasswall. The stairs are leading
from here to the 2nd floor, above which one can
see the glassroofed opeion. Building 2. Kossuth
Lajos street 7.The 3-storey, flat roof
residential building was built in 1820. The
additional store above the cover mould was
probably built in the 1950s. Building 3.
Reáltanoda street 10.Ground floor 1st floor
high-pitched roof. Building 4. Reáltanoda
street 8.Cellar ground floor 2 storeys
high-pitched roof.
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Economic location
Famous spots of the city, like Eötvös Loránd
University, House of the Hungarians, movies, the
four star Hotel Astoria, University Library,
elegant restaurants and many governmental
buildings can be found in the close neighbourhood
of Úttöro Shopping mall. The real estate in hand
has a very successful location due to the high
pedestrian traffic, which passes by in front of
it and makes the place a very good retailer zone.
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Economical location
Office rental fees are escalating high above the
Budapest average and they are close to that of
the green belt. The shop rental fees are
depending on the location and the shop-window
size, and vary between 20 / m2- 40 / m2. The
office rental fees are varying between 8-15
/m2/month based on the location, access, parking
lots and service. There is a heavy market need
for real estates adaptable to hotels, maisons,
shopping malls, office buildings. However the
supply is low, since most old office buildings
were sold during the last 10 years.
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Appendix
Test of the extent to which technical conditions
permit land to be covered by buildings according
to the competent Authority. The calculation is
based on the extract of related Framework Order
Plan draft plans of the hotel, business unit
and the position of the Competent Authority on
the question. According to the Municipality,
following the demolishing of the present
substructures, there is no obligation on the
function, namely there can be realized either
hotel, business unit, maisons, office or the
combination of these on the lot.
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Appendix

• Test of covering from the point of view of the
  building authority.
• The new zoning of the real estate city centre
• The City the Building and Technical Bureau of
  the Governorate of the Vth district approved
  block building permit of the partial demolishing
  of the present building, and the extent and way
  of covering of the lot, as well as the function
  of the new construction, further more the
  building of a deep garage under the lot.
• The permission is based on the following
  conditions
• The Kossuth Lajos street facade of the new
  building cannot be more than 25,00m.
• The building height from the Reáltanoda street
  cannot excced the building height of the
  superstructure in Reáltanoda street 8.
• It can reach the 18,00m building height in the
  depth of 11,00m measured from the Reáltanoda
  street facade plane.
• The elevation of the building can start from the
  depth of 6,00m measured from the Kossuth Lajos
  street facade plane and to a maximum extent of
  31,00m. This height can reach the junction of the
  buildings Szép street 2-4.
• A passageway has to be built on the groundfloor

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Appendix
Numerical data of the hotel utilization Total
surface of base to be covered 1,735 748 m2
2,483 m2. This is the size of lot of the real
estates in Kossuth Lajos street 7. (1735 m2) and
9. (748 m2) after the demolishing. Covered
levels (Kossuth Lajos Str. 7-9.) Total cost of
project 19-21 M , payback period 7-10 years.
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Appendix
UTILISATION CONSTRUCTION Hotel Business profile,
standard, run under a labelled trade mark.
Operating on a lease contract, occupancy is
parallel to the same type of hotels in the city
centre. Business-Service- Apartment The
domestical areas are to be sold, the business and
service areas are to be rented out, and the
building is operated as apartment house, provided
by special service, for example reception desk,
maintenance, cleaning etc. Selling of parking
lots We suppose that all the parking lots will be
sold during the utilization. Estimated price
15,000 Ft/p VAT
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The Extra
Land registration number 24194 Address
Budapest, V. Szép Str. 4. Registered owner
PRETIUM XXI Ltd., 1053 Budapest, Szép Str. 4.
1/1 Location city center Designation Courtyard,
office building Size of plot 766 m2 Marginal
noteson the proprietary papers none Claims on
the proprietary papers none Zoning city centre

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Numerical data
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Draft
Szép street
Reáltanoda street
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Pricing
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Contact
Balázs Feketedeputy managing director Agroinvest
Rt. Tel [phone] Fax [phone]
06 fekete_at_agroinvest.hu