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Property for sale information

 
Palazzo Dorottya  
Reference nr: SP460612
Description:

Lisney Overseas Residential launch Palazzo Dorottya in the heart of Budapest, Hungary
Palazzo Dorottya is a mixed-use development in a historic 19th Century building in the heart of Budapest’s shopping and commercial district north of Vorosmart Square. This is on the west side of the city, 100 metres from the banks of the Danube district, which is regarded as one of the prime districts in Pest.
Palazzo Dorottya will be much more than a home for the residents of its 85 luxury apartments, offices and shops. It’s elegant café and ground floor luxury boutiques will enhance life in the neighbourhood while being nourished by nearby Váci utca, downtown’s main artery, which already attracts many tourists and the local business community. This pedestrian zone extends through Palazzo Dorottya as far as the Danube Promenade and Roosevelt tér, making this investment an attractive destination in its own right – not only benefiting from, but also contributing to, the appeal of downtown Pest. . It’s a remarkable location, full of life and adventure – a place with potent power over the heart and the mind
The development will comprise of the following:
85 luxury, high quality apartments from 40 to 190 sqm and arranged over 5 levels (2nd to 6th floor), with state of the art services, and 24 hr concierge
99 Underground parking spaces
600 sqm Spa
1700 sqm luxury office (1st Floor)
2000 sqm luxury retail (high end fashion) and quality restaurants
In a new century, Palazzo Dorottya will continue to make history. The 19th century classical façade building forms a U shape enclosing a vast landscaped courtyard with entrances from Dorottya Street and Apaczai Csere Janos Street.
It benefits from:
85 luxury apartments, one, two, three and four beds
Wellness Centre
Gym
Luxury shops
Restaurant
Café-lounge
24-hour security monitoring and on site guard
24-hour concierge
Newspaper and magazine deliveries
Chauffeur service & Ticket service
Secure underground parking
Individual safe storage
Laundry / Cleaning service
Landscaping
Window cleaning
Hungary is an exciting country with boundless potential. Now a full member of the EU, it course is fixed on the future. Hungarian property prices are likely to grow at a rate above the European average, making Palazzo Dorottya the perfect place for the investor!

Bedrooms: Bathrooms: Price (€):
1 1 340,000
1 1 340,000
3 2 842,000
2 2 358,000
Features:
City
Submission Date:
02-09-2007
Last Update:
06-26-2007
Advertiser Details:


Name:
Niamh Walsh

Company:
Lisney

Phone:
+ 353 1 6198900
Fax:
353.1.6198923
Mobile:

 
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Palazzo

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Calculators

 
Property price: €340,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations