River Passage in Budapest

Name: Sales in River Passage started!
Start: 2022-06-13T06:47:49.741338+00:00
End: 2023-12-31T23:59:59+0000
Location: River Passage

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Project info

Object ID: 20490

Finished at	June 2022
Price, m²	From 3180$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 36.59 m²
Floors	9
Apartments	124
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

114,480$

Net profit

5,883$

Payback period

14.2 years

Avg property value increase per year

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About the project

River Passage is a 9 storey residential building with a total of 124 apartments. It is located in the 9th district, at 38 Lónyay street. The building also has a 2 storey underground garage with parking spaces, storage rooms and bicycle storage.

The size of the flats ranges from the studio to the three-room apartments, mostly with sunny orientation. The special feature of the building is that we have designed balconies and loggias for each apartment, as well as a rooftop gardens on the first and ninth floors, which will be accessible to all residents.

A significant part of the surrounding buildings is under renovation, so the neighbourhood of the residential building are also renewed. The neighboring plot is also under construction, it will give place to the new swimming pool and sports center of Corvinus University.

The River Passage residential building is located in the 9th district, at 38 Lónyay street. It has an exceptional location for both car and public transport: halfway between the Szabadság Bridge and the Petőfi Bridge, one minute from Üllői Street and the riverside. Both metro lines 3 and 4 are within walking distance, as well as trams 4-6 & 2 and many bus and trolley stops. The particularity of Lónyay Street is that despite its central location, car traffic is not disturbing. It is paralleled by the Nehru beach, which was renovated and handed over in 2016, on the other side Ráday street offers the numerous catering and service units.

Developer

GEOS is a reliable international property development company group with a history of almost 15 years, which has earned many prestigious awa…
Details about GEOS