1051 Budapest, Hercegprimas Street 17.

The commercial property located at 17 Hercegprímás Street, 1051 Budapest is located in one of the most valuable downtown locations in the 5th district of Budapest, on the corner of Hercegprímás Street and Arany János Street, in the immediate vicinity of St. Stephen's Basilica, Szabadság Square and Deák Ferenc Square. The area is one of the most significant business, tourist and commercial centers of Budapest, where international hotels, office buildings, banks, embassies, premium restaurants and shops are concentrated. The location has excellent public transport connections, with the M1, M2 and M3 metro lines, as well as numerous tram and bus lines, within a few minutes' walk. The significant pedestrian traffic and outstanding tourist attraction ensure the high commercial value of the property in the long term.

The property is exclusively owned by FUNDUS Vagyonkezelő Zrt. and was developed as an independent condominium sub-plot. The retail space has a registered area of 706 m² and a uniform usable area of 535 m². The commercial unit is located on the basement, ground floor and gallery levels of the condominium, which form a functionally unified store. The ground floor sales area is directly connected to the service rooms on the gallery, as well as the warehouse and back-end functions on the basement level, ensuring the complete infrastructure necessary for modern retail operations. The store has a direct street entrance and large glass portals, which provide excellent visibility and advertising value.

The building was built at the beginning of the 20th century with a traditional brick structure, stone and brick strip foundation, Prussian glass and steel beam ceilings, wooden roof trusses and a high roof with tiled roofs. Its facade is plastered and in good condition, and the building is under local architectural protection, which further increases its prestige and value. The building houses commercial premises on the ground floor and apartments on the upper floors, which is in line with the urban structure typical of the historic city centre. The property has full public utilities, is heated by a gas boiler with radiator heat transfer, is air-conditioned and equipped with modern electrical and mechanical systems.

The commercial premises underwent a complete renovation in 2017, during which the interior spaces, the coverings, the electrical and mechanical systems were renewed, and the entire store design was transformed in accordance with modern retail needs. The property is currently in good technical condition, is continuously maintained, and can therefore be operated economically in the long term.

The property is located in the central, institutional mixed zone of the historic city centre of Budapest, which primarily serves to accommodate commercial, office, catering, cultural and service functions. The outstanding tourist and business significance of the environment, as well as the continuous pedestrian traffic, ensure the conditions for premium commercial utilization in the long term. Local architectural protection requires the preservation of the facade appearance, however, modernization and functional development of the interior spaces can still be ensured with the appropriate licensing procedure.

The property is fully utilized under a long-term lease agreement, and its current tenant is dm Kft., which uses the entire business premises as a drugstore. The occupancy rate is 100%, so the property provides stable and predictable rental income. The three-story design allows for the effective separation of sales, storage and service functions, which is ideal for modern drugstore operations. The long-term lease, the tenant with an international background and the premium downtown location together provide outstanding investment security.