THERMAL ZUGLO 4 in Budapest

Name: Sales in THERMAL ZUGLO 4 started!
Start: 2022-06-15T06:47:05.969920+00:00
End: 2023-12-31T23:59:59+0000
Location: THERMAL ZUGLO 4

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Project info

Object ID: 20510

Finished at	June 2023
Price, m²	From 3500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 26.00 m²
Floors	5
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Pool Commercial area 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

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

91,000$

Net profit

5,906$

Payback period

11.2 years

Avg property value increase per year

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About the project

The installation of the external windows and doors and the basic mechanical work are ongoing at the 5th floor, while the basic electrical work in the apartments is now complete. Stone flooring work is complete up to the 4th floor, while plastering work is complete up to the 3rd floor. Drywall work and tiling work have begun in the ground floor apartments. Facade finishing work has begun in both buildings on the facades facing the inner courtyard.

Set in a peaceful part of Zugló, Pest’s most in-demand suburban location, this development offers every advantage of the greenbelt in addition to all the benefits of the big city. Newly built modern homes in a quiet and welcoming suburban environment, located just a short distance from the city centre!

Located next to the charming Rákos-patak landscaped, tree-lined promenade. The area has its own cycle line and running track, offering recreational opportunities for active people. The family-friendly, leafy surroundings give the area a harmonious, suburban feel.

Even in these leafy suburban surroundings, there is no need to wave goodbye to the conveniences of city life: the residential park is located right next to a grocery store, bakery and pharmacy, and lies just a short distance from the Bosnyák Square Market, which offers a variety of stalls, while there is also a range of other shops, banks, a post office and offices in the surrounding area.

Various sporting and recreational facilities can be found right next to these modern, high-quality suburban homes, including a sports centre, running track, basketball court, football pitch and an outdoor adult gym. The Paskál Baths, renovated and expanded in 2016, are a stone’s throw away, offering thermal water pools, a summer bathing area, a swimming pool open all year round and a range of other wellness facilities.

Developer

Cordia is a subsidiary of the highly capitalised, Hungary based Futureal Group, one of Central Europe’s 10 largest property development and …
Details about Cordia