Szinyei Merse House

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This development has it all. Its location is unbeatable. It is located in Hungary, one of Eastern Europe's top economies and in Budapest, one of the Eastern Europe's top business and tourist destinations. It is rare to find such a modern apartment development in such a central location.

Szinyei Merse House is a newly constructed 9-storied residential apartment with the plot size of 3685 sqm. The Szinyei Merse House is in the vicinity of Andrássy Road, at No 13 Szinyei Merse Street and No. 51-53 Szondi Street The building will be composed of four wings located parallel to Szondi Street, which will border three courtyards being opened toward the adjacent gardens. These courtyards will have a partial roof garden design on the first floor therefore the apartments situated in the inner part of the building will be equal to those looking onto the street. There are 230 car parking spaces provided for the 3 buildings in an underground garage.

LOCATION, LOCATION, LOCATION

Like any other city, location is the key to any property investment decision. Szinyei Merse House is located in Budapest's historical area, District 6, called Terézváros. As obviously seen from a map of Budapest, District 6 is very centrally located. Living here means an easy commute to the city centre, and somewhere close to the primary shopping and social areas of the city.

Transport links are exceptionally good, with several bus lines, a tramline and the underground railway giving access to the city centre. All 3 metro lines lie close by.

Most of the apartments in the area have over a century of history. This historical area hasn't seen many new developments. So the supply of newly constructed apartments is very limited. It has lead to a huge local demand for newly constructed apartments with western standard facilities in the perfect location.

This is very clearly underpinned by the fact that the other 3 projects built by Autoker (the developer) in district 6 (Király Udvar, Heléna Ház, Léda Ház) were completely sold out way before completion.

Yes, it's prestigious - Budapest's most beautiful Boulevard, Andrassy Út was recently added to the World Heritage List. This has been the area where the people of Budapest always want to live in.

Yes, it's cosmopolitan - Now it is becoming even more popular and very cosmopolitan with a significant number of foreign business people, foreign students and diplomats pouring in. The district also functions as a financial business centre with the headquarters' of a significant number of international companies in Hungary as well as many financial institutions.

Yes, it's up-and-coming - It has become the city's social hottest spot, hosting numerous outdoor cafes and bars. The Government is spending a lot of money on renovating houses and pedestrianising this historical district. At the moment, properties in this district are still reasonably priced compared with District V, a similarly significant neighbouring area. It makes more sense to invest in a currently reasonably priced and very promising area where capital gain prospects are better, than in an area already commanding the highest prices in the city.

 

FACILITIES

The specification of the apartments is excellent. It's all designed to highest standard for customers making it very attractive to western tenants. There will be a lobby, gateways, shops and storerooms on the ground floor. Services provided by the building also include 24-hour concierge with CCTV security and technical supervision in the common areas. A fitness centre will also be established for residents.

 

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