1052 Budapest, Charles Boulevard 26.
Type
Commercial property
Description
DM shop
Tenants
dm Kft.

The commercial property located at 26 Károly körút, 1052 Budapest, is located in one of the most frequented downtown junctions of Budapest's 5th district, between Deák Ferenc tér and Astoria, in the immediate vicinity of the intersection of Károly körút and Dob utca. The environment is one of the most intensive pedestrian and vehicle traffic areas in Budapest, characterized by office buildings, hotels, restaurants, shops, public institutions and residential buildings. The property has excellent public transport connections, all metro lines of Deák Ferenc tér, as well as numerous tram and bus lines, are within a few minutes' walk, so the location represents outstanding commercial value in the long term.
The property is exclusively owned by FUNDUS Vagyonkezelő Zrt. and consists of two independent condominium sub-plots (24238/0/A/4 and 24238/0/A/6 hrsz.). The sub-units functionally form a single unit: the larger sub-unit is a multi-level retail space, while the smaller sub-unit serves as a warehouse for commercial operations. The entire property is used by a single tenant, DM, under a long-term lease. The property has a registered area of 755 m² and a usable floor area of 593 m².
The retail space is located on the ground floor, gallery and basement level of a downtown apartment building with a traditional structure and under monument protection, built in the early 1900s. Thanks to the corner building, the store has two street fronts and a prominent display surface, which provides significant visibility and excellent advertising value. The store has a direct street entrance and can also be accessed from the inner courtyard, which facilitates both stocking and operation. The basement level and gallery provide functional service for the store, so the entire property operates as a single commercial unit.
The building is built with traditional brick load-bearing walls, a Prussian-style roof, a steel-beam structure, a wooden roof truss and a high roof covered with tiles. Its facade is plastered and maintained, the building is under monument protection. The property has full utilities; the electrical network, water, sewage and gas utilities have been installed, heating is provided by a central gas boiler and radiator heat emitters, the store is air-conditioned, has independent measurement options, and has modern mechanical systems.
The current store interior underwent a complete renovation and transformation in 2009–2010. During this, sales areas, gallery office and service rooms, and basement areas providing background functions were created. The technical condition of the property is good, it is constantly maintained, and the mechanical and electrical systems are modern, so the building can be operated economically in the long term.
The property is located in the K-VI institutional, city center zone of the historic city center of Budapest, which is one of the most intensively utilized mixed-function urban structure areas of the capital. The primary purpose of the zone is to accommodate commercial, service, hospitality, office, cultural and tourist functions, so the current commercial utilization fully fits the characteristics of the environment. Due to the historical environment, any future architectural interventions can be carried out taking into account heritage protection regulations, while the location ensures exceptional value stability for the property.
The property is fully leased for a long term without interruption, which provides stable and predictable rental income for the owner. The multi-level retail space, the separate storage capacity, the excellent street appearance and the outstanding downtown location all contribute to the property being a valuable and long-term usable element of the downtown commercial real estate market. The commercial function, high pedestrian traffic, excellent accessibility and stable rental background together provide outstanding investment potential for the property.






