11-Unit Managed Workers’ Hostel in Prime Location – Just 10 Minutes from the Austrian Border, Near Sopron
11-Unit Managed Workers’ Hostel in Prime Location – Just 10 Minutes from the Austrian Border, Near Sopron
Property Overview:
Location: Fertőszentmiklós, Győr-Moson-Sopron County, Hungary
Distance to Austria: Just 10 minutes from the Austrian border
Property Type: Family house currently operating as a guesthouse
Size: 424 m²
Land Area: Approximately 1500 m²
Accommodation Capacity: 11 units, hosting up to 30 people
Condition: Fully operational with an established customer base
Annual Revenue Potential: Approx. 27 million HUF
Accommodation Features:
• 11 Units Available: The hostel consists of 4 apartments, 6 mini-apartments, and a VIP suite. This mix offers flexible accommodation options for workers and guests.
• Spacious Rooms: The units are designed for long-term stays, providing comfort and functionality.
• Shared Areas
• Furnishing: Fully furnished units
Investment Opportunity:
• Established Business: The property is currently a fully operational workers’ hostel with a steady, year-round clientele. The property is managed by an agency, which rents out the rooms on behalf of the owner.
• The hostel currently operates at full capacity, generating a gross annual income of approximately 27 million HUF.
• Flexible Business Model: The new owner can either continue with the current business model or adapt it to target other client groups, including tourists or long-term rentals.
• Expansion Potential: Given the property’s location, there is potential for further expansion or repurposing. The proximity to the Fertődi Castle, Lake Neusiedl/Lake Fertő, and the Austrian border creates opportunities for tourism-driven accommodation.
Amenities & Services:
• Fully Furnished: All rooms are furnished with modern appliances, including air conditioning, LED TVs, Wi-Fi, and safes.
• Central Heating: Each unit has its own meter for heating, water, and electricity.
• Wellness Services: Optional wellness services (e.g., massages, spa treatments) can be introduced to attract a higher-paying clientele.
• Cleaning Services: Optional cleaning, laundry, and bed-making services available.
• Parking: Courtyard parking space available for guests.
• Shared Garden: Outdoor garden area for guests to relax and enjoy the surroundings.
Location & Accessibility:
• Proximity to Austria: Located just 10 minutes from the Austrian border, the hostel is ideal for workers traveling between Hungary and Austria.
• Nearby Attractions: The property is near Fertődi Castle, Lake Neusiedl/Lake Fertő, and Sopron, all popular tourist destinations. This creates an excellent opportunity for tourism-driven accommodation.
• Transport Links: Excellent transport links to surrounding towns, workplaces, and the Austrian border ensure easy accessibility for workers.
Financial Considerations:
• Annual Revenue: With current operations, the property generates approximately 27 million HUF annually, offering an immediate income stream for the investor.
• Operating Costs: Utilities (water, electricity, heating) are individually metered, with the cost passed onto tenants, ensuring minimal operational expenses.
• Taxation in Hungary:
o Corporate Tax Rate: Hungary offers a low corporate tax rate of 9%, one of the lowest in Europe.
o VAT (Value Added Tax): Accommodation services are subject to 5% VAT in Hungary.
o Tourism Tax: Local tourism tax applies, generally around 400-700 HUF per person per night.
o Property Tax: Local property taxes are applicable based on the property’s size and location, and these costs should be factored into the operating budget.
Why Invest in This Property?
• Proven Income Stream: This 11-unit managed hostel already generates a steady income, making it a reliable investment with excellent potential for returns.
• Ideal Location: Situated just 10 minutes from the Austrian border, the property benefits from a prime location for cross-border workers and tourism.
• Multiple Business Models: The property can continue operating as a workers’ hostel or be repurposed for other uses, such as tourist accommodation or long-term rentals.
• Expansion Opportunities: The property’s location near Lake Neusiedl/Lake Fertő and Fertődi Castle opens up further opportunities for business growth, including tourist accommodation or wellness services.
Contact Information:
For more information or to arrange a viewing, please contact us today. This is a rare investment opportunity with excellent potential for growth in a fast-developing area.