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Penthouse Apartments In the centre of Budapest in Budapest

Property Particulars

Prices from EUR 83,000

Bedrooms: 1
Tenure: Freehold
Bathrooms: 1
Property age: Off Plan/ under construction

Property Description

CENTURION HOUSE AT A GLANCE

10 comfortable apartments available in a brand new rooftop development
Payment terms 25-75%
Prices per sqm starting from EUR 2041
Up to 70 % financing
Apartments sizes ranging from 22-65 sqm
Expected handover Q4 2008

ABOUT CENTURION HOUSE
Centurion House is a rooftop conversion development of 10 new apartments. Most of the apartments
have a terrace to give the new residents a great view of the city.
The existing classical building due to its protected status will be fully and exclusively renovated
both internally and externally, returning this magnificent building to its original state. Electrical
cables, water pipes, gas pipes, doors and windows will be refurbished.
Just behind the development comes handy the Rakoczi open market which serves the district
with fresh fruits and vegetables as well as grocery stores and supermarkets, providing the new
residents with shopping possibilities.
The new subway line number 4, which will be linking Buda and Pest is will have an exit just one
block away from Centurion House.
As per the proposed plan, the metro exit will be located at the part of the square that is on the
Boulevard side, hence will not disturb neither the local residents nor the traffic of the square.
Two exits are planned from the metro line. Passengers heading towards József körút can take
escalators to get to the shallow subway.
Two large-scale elevators will lift passengers towards the market hall. The station will catalyse
the rehabilitation works of the surroundings. It will improve the area’s image facilitating the
influx of new investments. Józsefváros can develop to a dynamically improving city quarter
outside the boulevard.
We are seizing this opportunity in order to present to You, the chance to acquire this highly recommended investment, in a highly preffered and upcoming
location in Budapest’s immediate city centre.

ROOFTOP CONVERSION – THE CONCEPT
The concept of rooftop conversion projects is based on the
scarcity of unbuilt plots available in the city centre. On the
other hand, unrenovated apartments abound this area – it
is exhaustively populated with strictly protected classical
buildings. The historical reason accounting for this situation
goes back to the socialist era, when these iconic buildings
remained unattended, what lead to a massive deterioration
in their condition. In socialism the legendary scene of stylish
and spacious apartments once owned by nobiliary families
underwent radical change: the rich were chased away and
peasants lacking financial means for maintenance moved
in these buildings. After the political change, whoever lived
in these apartments could purchase them for 10% of their
market value, consequently, at present most of them host
pensioners with no resources for renovation.
The solution serving the benefit of all emerged from this awkward situation: an exchange
realized between residents and developers. In return for a comprehensive inside-
outside renovation of a building (including the façade, elevator, cables and wiring)
the developers are granted its rooftop area. This resourceful initiative represents great
social responsibility by contributing to the restoration of Budapest’s fabled historical
milieu, enabling residents to live in a pleasant environment, offering new properties
for those who would like to move in the city centre and ensuring excellent investment
opportunities at the same time.

CRUISING THE NEIGHBOURHOOD
- District 8, ‘Józsefváros’
Situated in the heart of the city centre, District 8 radiates with Budapest’s historical flavour.
Its beautifully preserved monuments host the National Museum, Semmelweis University,
Academy of Theatre and Film Art, Museum of Natural Sciences, ELTE University,
Central Library and MTA Institute of Experimental Medicine. In other words, Józsefváros
concentrates a vibrant scientific and cultural life offering multiple opportunities for the
residents of City Apartments. A refreshingly green, continuous public space hosting an
incredible set of retail stores, sports facilities, cultural and educational establishments,
restaurants and offices, entertainment centres, and academic institutions will form this
amazing new city centre.

TRANSPORTATION LINKS
Located in the busy crossroads of two main roads («Ring Road» and «Rakoczi road»)
Centurion House has superb accessibility by public transportation.
By car:
n Ülloi Road will take you into the heart of the city centre in 3 to 5 minutes by car.
The great infrastructure allows you to reach the outer districts in 10-15 minutes.
By metro:
Centurion House is situated between two metro stops: ‘Blaha lujza’ and ‘Keleti train
station’ are both at a few minutes’ walking distance, from where the Red metro line
(M2), and the future Metro 4 will take you to the Buda side.
By tram:
Trams 4 and 6 circulating along the Grand Boulevard connecting Pest and Buda and
constituting the backbone of Budapest’s public transport system are promptly available.
By bus:
Bus 173 take you almost anywhere in the neighbourhood and the city centre.

Property Photographs

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