Sunny Side Residence in Budapest

Name: Sales in Sunny Side Residence started!
Start: 2022-06-13T06:56:07.333441+00:00
End: 2023-12-31T23:59:59+0000
Location: Sunny Side Residence

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Project info

Object ID: 20491

Finished at	December 2022
Price, m²	From 3100$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 48.96 m²
Floors	8
Apartments	71
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

148,800$

Net profit

6,783$

Payback period

16.5 years

Avg property value increase per year

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About the project

Sunny Side Residence is an 8 storey residential building, with the total of 71 flats located in the continually developing and renewing part of the city, in the 9th district at 16 Lenhossék Street. The size of the apartments is in a wide range, from 1 to 4-room apartments, from 28 m2 to 78 m2, and almost all of them have their own balcony or loggia. Their orientation is outstandingly sunny, there aren’t any north-facing apartment in the building. With large glass surfaces, our goal was to create natural, sunny homes for future residents. A special feature of the project is that the monosplit air conditioning is part of the basic equipment of the flats.

During the designing phase we paid attention to creating a modern and elegant residential building, and also considered the use of excellent quality and durable materials. In addition, energy awareness was also a significant point in the design, such as shading, heat recovery and the use of solar panels, which contribute to reducing the building’s operating costs.

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