Toscana Gardens is a perfect development for those seeking to get on the property ladder or for those investors who are looking to diversify their portfolio.
Prices and payment terms are ideal for investors and the project is a safe city centre investment in the EU’s most thriving new capital. In addition Toscana boasts excellent facilities including a heated indoor swimming pool and a fully equipped gymnasium.
District 9, Budapest, Hungary
Studios, 1 & 2 Bed Apartments
€54,000 - €102,500
Mediterranean Style Development
€12,750 deposit and nothing else for 2 years!
20% capital appreciation during build period
Swimming pool, fitness facilities
High rental returns from local rental market
30% 1st payment, balance on completion
Italian design setting, Tuscan style gardens
City Centre Location
District 9 is the number one "up-and-coming" area of Budapest, with trendy bars and cafes serving a huge Hungarian middle-class population. The district is also well known for its student community, with the grounds of the Medical University, the Technical University and the University of Commerce nearby. The local municipality is investing into a ‘re-development area’ within this district.
The fancy, 21st century design new National Theatre; the Museum of Modern Arts, and the Congressional Hall seating 6,000 are all within walking distance from this development.
The development
With its distinctly Mediterranean style Toscana Gardens offers a wide range of quality accommodation for middle class Hungarian families. Toscana Gardens will provide special services as well including an indoor swimming pool; fitness and welness centre in addition to an underground car park. Toscana Gardens is located in the most emerging part of District IX. Five minutes walking distance from the Danube, with landmark buildings as the Hungarian National Theatre, the Ludvig Museum of Modern Arts nearby. Lurdy Ház shopping mall with its movie theatre and its multitude of shops are close by. The transport is easy and fast to the centre with trams and the metro. Central European Estates is one of the major developers in the Central European real estate market, having large-scale property development projects in Warsaw, Beograd and Budapest.
Additional Features
- Tuscan style patios and gardens - Coded entrance to resident’s areas - Underground car parking - Indoor swimming pool - Fitness and wellness facilities - Excellent public transport nearby: Metro, trams & busses
Pricing & Payment Schedule
Prices are extremely reasonable in Toscana Gardens: - Studios with 28sqm from €42,500 - 1 bedroom with 48sqm from €68,000 - 2 bedrooms with 57sqm from €94,000 Buyers will only have to pay 30% of this cost as a first payment. For a studio this works out as €12,750. The balance will be paid on completion in the first quarter of 2007. Buyers will then have the option of securing a 70% mortgage to pay the balance. Capital appreciation is also promising for this project. 20% capital appreciation is expected during the build period. Investors will have a quality rentable project at a great price in one of Budapest’s most dynamic areas which should appreciate nicely over the next few years.
Return on Investment
By purchasing a quality product at the lowest price per square meter possible, Toscana Gardens offers an exiting opportunity for the investor to realize the highest possible return on investment. Investors should expect an immediate Capital Appreciation of 20% as soon as the project is completed, and a further 12-15% capital growth per annum. Rental yields on this development are projected to be between 6-7%.
Price
€54,000 - €102,500
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