Development Site FOR SALE

Road No. 11 Szentendre-Pomaz

Location:

The property is located adjacent to the main road connecting Szentendre with Pomaz, in the near of the Road No. 11 junction. Recently the subject area has been very attractive for new developments, there are several new office-warehouse developments underway or recently completed. There is also a small shopping mall and an InterSpar hypermarket located in the close vicinity of the property.

The property has an excellent access to the new M0 bridge due to be completed by second half of this year. The property is located adjacent to planned road development to Szentendre that will lead to the residential areas of the town avoiding Road No. 11.

On the neighbouring site to the subject property there is a retail-warehouse project underway on the basis of a valid building permit.

Property Description: The offered property comprises two adjacent sites.

Land Size:

Site 1: 20,180 m2

Site 2: 24,877 m2

Utilities: All public utilities are available at the border of the development area.

Planning and Zoning:

The property holds a valid Planning Consent. The details of the consent are:

Zoning: GKSZ (commercial, retail, public services)

Building footprint: 30% *

Building height: 10.0 metres

Development Ratio: 1.0 m2/m2

*possibility to increase the maximum footprint to 40%

Proposal: The owners of the sites are seeking a price of

Site 1: HUF 240 million

Site 2: HUF 300 million