8 Apartments, Fully Organized Rental Business 200 meters to Zalakaros Thermal Paradise
Apartment House with 8 Units for Sale in Zalakaros – Investment Opportunity – €245,000
Location: 8749 Zalakaros, Zala county, Hungary
This property offers a fantastic investment opportunity in one of Hungary’s most popular thermal spa towns, Zalakaros. The apartment house is situated in a prime location, just minutes away from the famous Zalakaros Thermal Spa, a well-known tourist attraction that draws visitors year-round. With 8 separate apartments, this property offers high rental potential, making it an ideal investment for long-term rentals or short-term tourist stays.
Property Overview:
• Number of Apartments: 8
• Total Living Area: To be confirmed (currently unknown)
• Land Area: To be confirmed (currently unknown)
• Building Condition: Well-maintained, with all apartments either rented out or available for renting.
• Location: Zalakaros, a renowned thermal spa town in southwestern Hungary, famous for its healing waters, wellness facilities, and natural beauty.
Key Features:
• Fully Furnished Apartments: All apartments are well-appointed and ready for immediate rental use.
• Prime Location: Situated near the Zalakaros Thermal Bath and Wellness Center, making it attractive to both long-term tenants and seasonal tourists.
• Strong Investment Potential: With 8 rental units, this property provides an excellent income-generating opportunity due to its proximity to the thermal spa and local amenities.
• Management Agreement in Place: The property is currently managed by a local company. Under the terms of the management agreement, the rental income is split as follows: 70% for the property owner and 30% for the management company. This makes it a great option for investors seeking a hassle-free, hands-off investment.
Location Highlights:
• Zalakaros Thermal Spa: One of Hungary’s top wellness destinations, attracting visitors seeking relaxation and therapeutic treatments.
• Nature & Recreation: Zalakaros and its surrounding area offer excellent outdoor opportunities such as hiking, cycling, and vineyard tours.
• Connectivity: The town is easily accessible by road, with nearby cities like Nagykanizsa (20 km) and Lake Balaton (about 40 km), making it an attractive destination for both tourists and long-term residents.
Additional Costs (for Buyers):
When purchasing property in Hungary, buyers should be aware of the following typical additional costs:
1. Property Transfer Tax (Illeték): 4% of the purchase price.
2. Buyer’s Commission: 3% of the purchase price + VAT (27%).
3. Legal Fees (Lawyer’s Costs): Approx. 1% of the purchase price. These fees cover the preparation of the sale and purchase contract, notary fees, and other legal expenses.
Why Invest in Zalakaros?
Zalakaros is an attractive destination for both tourists and investors alike, thanks to its famous thermal spa, beautiful natural surroundings, and excellent infrastructure. The demand for short-term rentals is particularly high, making this apartment house a lucrative investment opportunity. With the management agreement already in place, this property offers a great chance for hands-off ownership and strong returns.
This apartment house offers the perfect combination of a prime location, solid rental potential, and easy management, making it an excellent choice for anyone looking to invest in Hungary’s real estate market.