1054 Budapest, Tüköry Street 3.
Description
Type
Tenants
currently empty, under lease
Office building
Under lease

The property located at 1054 Budapest, Tüköry utca 3. is located in one of the most valuable parts of Budapest's 5th district, in Lipótváros, approximately 200 meters from Szabadság tér and approximately 100 meters from the Danube. The property is located in the Nádor utca – Arany János utca – Széchenyi rakpart area, one of the most significant business and institutional districts of the capital. The surroundings are characterized by embassies, ministries, bank headquarters, office buildings, premium restaurants, hotels and other representative commercial properties. The building is easily accessible by road and public transport, but due to its downtown location, parking is primarily available in public areas or in the nearby Szabadság tér underground garage.
The property is registered under the topographic number 24656, is an independent inner-city property with an area of 821 m², and its title deed is "expropriated office building". The property is entirely owned by the FUNDUS Group of Companies, is independently marketable, does not constitute undivided common property.
The plot consists of an office building originally built around 1870, in an eclectic style, with a basement + ground floor + several floors. The building is a structurally solid, traditional brick building, which has operated as an office building for a long time and previously served as an embassy. The total net floor area of the building is 2,710 m², of which the homogeneous usable floor area taken into account during the valuation is 2,448 m².
The building has a characteristic, historicizing facade, is structurally in good condition, but significant technical modernization is warranted in order to meet the expectations of the modern office market. The facade and part of the roof were previously renovated, however, modernization of the interior spaces, mechanical engineering, ventilation technology, air conditioning system, coverings, water blocks and doors and windows is necessary in the longer term. The building has central heating, a passenger elevator, and full utilities, and its physical condition is approximately 70% according to the evaluation.
The interior design allows for flexible utilization of the building. Thanks to the floor plan system organized around the central staircase, each floor can be utilized independently or even divided into several smaller units. The basement is primarily suitable for storage purposes, while the upper floors can be converted into representative office space or other functions. The evaluation highlights that alternative utilization of the property as a hotel, educational institution, or other institutional function is also a realistic possibility.



