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property investment
Mill Lofts - District 9
budapest, hungary


Reasons to Invest
Excellent public transport
Landmark historical mill     conversion
Concierge service and
    wellness center
Extra large windows,     terraces and balconies
3-5 meter interior heights
100 meters from the River Danube
Development Features
Exclusive loft apartments
Located in the most prestigious area of emerging District 9
All amenities at a walking distance
Prices f rom €111,032** (£82,500 approx.)*

There are no available similar projects on the Budapest property market and most likely there won't be in the near future either - Mill Lofts is a pioneer loft development. Modern loft space will be created with plenty of natural lighting, while carefully preserving the old "industrial feeling" and character of the premises as a whole. This property investment consists of apartments that will be easy to let on 6-7% yields on average to the very best of tenants: creative business professionals, expats and those who really care about their standard of living. Mill Lofts is an opportunity not to be missed - the very strong letting market supports quick returns and good yields. Based on conservative estimations, the achievable ROI (yields and capital appreciation) is around 17-22% per annum..
The Development - Truly inspiring living conditions
When the developers first considered the construction of a unique residential project, they searched the city the best possible location. Careful thought was given to what would make the difference between truly inspiring living conditions and the faceless product that otherwise dominates today 's market. When finally coming across the Gizella Malom (Gizella Mill) property, the developers were bewildered, not only because of the superb location, but also because of the character. Mill Lofts radiates through time - a 19th century industrial landmark, with its 50 m high Eastern tower that can be seen throughout the city.
From the conceptual stage at the outset of the project, it became clear to the developers that any reconstruction chosen would have to respect the building's heritage: modern loft space with plenty of natural lighting must be created, while carefully preserving the industrial feel and character of the premises as a whole. At this point, Gizella Mill became Mill Lofts. Mill lofts offers more than 100 loft apartments from 60 to 350 m2 and has the solution for anyone seeking a unique accommodation with individuality and character.

Main Features
- 104 loft apartments
- Landmark building with outstanding architecture
- Top location next to the River Danube
- Excellent public transport
- 24h concierge service, CCTV security cameras for the buildings' entrances
- Restaurant and wellness centre in the building
- Amazing atrium
- Underground car park
- Exposed brickwork
- Flexible loft space 3.0 to 5.0 m ceiling heights
- Highest quality material used

The Location
A short walk from the main attractions of district 9. The upper floors of Mill Lofts offer splendid views over both the river and Budapest. Step outside and you'll instantly feel the pulse of the city. Located on Soroksári Road next to the River Danube, Mill Lofts is just minutes away from the city centre and within easy reach of public transportation facilities, motorways, and the airport.

Directly opposite Mill Lofts, running alongside the river to the nearest bridge, lies the Millennium City Centre, Budapest's leading urban development area. This riverfront property gives home to the Art Centre, the National Theatre, and high-end residential buildings, with projects such as the Vodaphone Headquarters, other exclusive office buildings, restaurants, and shops...

Prices and Payment Schedule
Prices f rom €111,032** (£82,500 approx.)*. Due to popular demand, units in this development sell on a daily basis. Please use our enquiry form to request a full colour brochure, current availability and price list.
Reservation
€3,000
Payment Schedule
20%/80%
Estimated completion date
July 2008
*Currency equivalents are based on approximate conversion at time of writing and are subject to fluctuation. To save money on currency exchange use Staymove FX. **Prices are based on availability at time of writing; both availability and pricing are subject to change without notice.




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