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8220 Balatonalmádi, Baross Gábor Street 2.

Type

Commercial property

Description

Bank branch
Clothing boutique

Tenants

OTP Bank Plc.
Melodie-Vita Ltd.

The commercial property located at 2 Baross Gábor Street, 8220 Balatonalmádi is located in the absolute city center of Balatonalmádi, in one of the most valuable and busiest commercial environments of the city. The property is located directly near the main road 71, the train station, the bus station and the Wesselényi beach, so it is characterized by outstanding pedestrian and vehicle traffic all year round. The immediate environment is made up of mixed-function residential and business buildings, shops, catering units, bank branches and public institutions, which make the district the commercial center of Balatonalmádi. Thanks to the excellent accessibility and tourism on Lake Balaton, the location of the property represents outstanding value in the long term.

The property is registered under an independent topographic number, owned by FUNDUS Vagyonkezelő Zrt. in a 1/1 ratio, and is a condominium business premises, whose name according to the title deed is still “restaurant”, however, the actual use of the premises is now entirely for commercial purposes. The net floor area is 364 m², which is currently divided into two independently operating retail spaces.

The building was originally built around 1900, with a traditional brick load-bearing structure, concrete and stone slabs, beam, lining and reinforced concrete floor structures. The roof structure is wooden frame, covered with heritage slate, while the facade received subsequent Dryvit thermal insulation. The building has full utilities, heating is provided by a combi gas boiler and cooling-heating air conditioners, the retail spaces are air-conditioned, equipped with modern building engineering and building electrical systems. The physical condition of the property is new, well-kept, which was further improved by the functional transformation and complete interior renovation carried out in 2024.

As a result of the renovation, the originally continuous commercial unit was transformed into two retail spaces with independent street entrances. One of the business premises houses a branch of OTP Bank Plc., while the other unit is used as a clothing store by MELODIE-VITA Kft.. During the renovation, in addition to the modernization of the interior spaces, the entire mechanical engineering, electrical system and coverings were also renewed, so the property represents a technical and functional standard that meets today's commercial expectations.

The property is located in the Balatonalmádi Vt - Settlement Center mixed construction zone, which is one of the most intensively utilized zones in the city. The primary purpose of the zone is to accommodate commercial, service, office, financial, catering, cultural and residential functions. The regulation allows for high-intensity development that matches the character of the settlement center, but in this case the property operates as a condominium sub-plot, so the development opportunities are not determined by the development potential of the individual plot, but by the characteristics of the condominium. Accordingly, the value of the property is not primarily ensured by its further development potential, but by its extremely frequented location, excellent accessibility and long-term marketability.

The retail space is fully utilized, with 100% occupancy. One of the tenants is OTP Bank Plc., which has a fixed-term, 5-year lease agreement, with an additional 5-year extension option, with an annual indexation option. The other retail space is rented by MELODIE-VITA Kft. on a fixed-term contract, also with an annual indexation option. The two nationally known and stable tenants significantly reduce the investment risk, while providing the owner with predictable long-term rental income.

There have been significant positive changes in the technical condition and utilization of the property over the past few years. The complete internal modernization, the functional separation of the retail spaces, and the move-in of OTP Bank have further increased the market value and income-generating capacity of the property. The continuous increase in value experienced in the Balaton real estate market in recent years, especially in the case of commercial properties near the water's edge, has also contributed to the increase in the value of the property. The most important investment advantages of the property include the outstanding location of the downtown area of Balatonalmádi, the proximity of the train station and the Balaton shore, the diversified rental structure provided by two independent, stable tenants, the excellent technical condition thanks to the complete renovation, and the long-term sustainable, high-quality commercial utilization. Together, these features ensure the outstanding value stability of the property and low investment risk.

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Community tax number: HU25846287

Tax number: 25846287-2-41

Company registration number: 01-10-049162

Headquarters: 1023 Budapest, Ürömi Street 12.

Cash bank accounts:

11705008-21417621-00000000 HUF (OTP Bank Plc., V. district Deák Ferenc street branch)

11763055-58135888-00000000 EUR (OTP Bank Plc., V. district Nádor street branch, foreign currency account)

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The website was created within the framework and with the support of the Demján Sándor Program.

© 2025 FUNDUS Asset Management Ltd. Created by: Magyar Telekom

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