Hungary - Castrum House Ref:IPPHUN010

Castrum House is a unique waterfront development in Central Budapest overlooking the celebrated River Danube. It is a development of 57 apartments finished to the highest quality standards in a spectacular building in Budapest’s District IX, the city’s dynamic ‘docklands development’ area. Residents benefit from the ultimate in luxury along with a fabulous array of concierge services.

A Spectacular Location

Castrum House is situated on the shore of the Danube between two of Budapest’s main bridges. The area is easily accessible both by car and public transport. There are numerous bus and tram stops which will get you in to the downtown area within ten minutes. District 9 is Budapest’s new corporate and cultural hub.

It’s Hungary’s equivalent of London’s Docklands or Dublin’s IFSC. Many multi-nationals are locating their Hungarian and Central European headquarters here in addition to various university campuses and the arts.

The Development

When entering the nine-storey building you are welcomed by an imperious lobby. From here, designated elevators will bring you to either the apartments or offices. Here you will also have a great range of restaurants, coffee bars and shops.

The first three floors are made up of primarily office space, and also include a superb vantage point over the river. From floors four upwards the building is made up of residential space and the fabulous gym and swimming pool

Top Class Services and Facilities

Castrum House is a concierge development and features a wide range of services and facilities including:

• Fitness centre with a stunning swimming pool (with high up views over the Danube)
  
• A fully equipped Hungarian spa with massage parlours
  
• Coffee House and commercial area with shops
  
• 24 Hour concierge service
  
• The building is equipped with security cameras and access to parking is by swipe card
  
• Operational and maintenance services are located within the building also
• Pricing & Payment Schedule

Ideal for investment purposes, those who consider purchasing a unit in Castrum House will benefit from a 30/70 payment structure – paying 30% as first instalment and the balance on completion in September 2006. Investors should expect yields on this project of between 7 and 10%. Capital appreciation for property in Budapest has been at 15% pa since 2002.