Multi Family Real Estate Investing – Hotel or Resort Development Commercial Land for Sale Hungary
LAND FOR LARGE DEVELOPMENT RESIDENTIAL & TOURISM PROJECT FOR SALE IN HUNGARY
375,000 sq. m (92.5 Acres) of flat land development plot in a popular area in Hungary, to be developed into a new, mixed used area with hotels, SPA, call, casino, leisure, medical tourism or elderly home, petrol station and a large residential complex.
Authorized: Residential units both apartments as well as free standing homes (80% of total building rights).
The land has an approved zoning plan for a large scale mixed residential and tourist complex.
166,500 sq. meters (41 acres) for tourism facilities including:
Hotels, Elderly Wellness/Medical Tourism Hospital, Spa & Health Center, Convention Center, Casino (still needs country approval), Mall, Restaurants, Cafés, Gas Station.
Located alongside a touristic village and a lake which is fed by 5 natural water sources.
The lake is currently authorized for touristic use.
Close to an International airport (15 min drive), highways and a train station.
Thermal springs are located on the land which have undergone inspection and have been approved for bathing.
And 558,200 sq. meters (138 acres) for residential units both apartments as well as free standing homes (80% of total building rights), 5,350 apartments.
The land is authorized for all purposes other than heavy industry.
WHY TO INVEST IN THIS LAND AND PROJECT IN HUNGARY:
• Land location is easily accessible to a large German, Austrian and Slovakian health tourism market for which health spas thermal springs are in demand, as well as International tourism thanks to the close proximity of an international airport.
• Financing- The Hungarian government is enthusiastically encouraging foreign investment in projects specifically outside of Budapest such as this and to that end is making available large long term loans through the central bank and the EU, up to 80% of project, at low interest rates as well as a significant portion of the loans possibly becoming a grant.
The subject property is situated within the municipal border of the popular touristic business village, allowing it to benefit from the existing infrastructure of the area as well as the services such as education and health.
At the same time the property is a separate entity unto itself at the outskirts of the village separated from the village by a lake.
The city infrastructure runs until the border of the property on the other side of the lake.