Ferihegy 3 Land Development Opportunity For SALE

Ferihegy 3 Land Development Opportunity For SALE

Investment Highlights

  • Up to 58 hectares of development land for sale with direct connection to the M0 /M5 highway
  • 20 km from Budapest city center
  • 3.5 km from Budapest Liszt Ferenc Airport
  • 75% of the area is already reclassified for industrial activity
  • Additional 207,000 m2 of adjacent land available

Executive Summary

Cresa investment team is pleased to exclusively introduce the Ferihegy 3 development plots for sale near the Liszt Ferenc Budapest Airport.
The development plots in Vecsés include an overall area of 800.000 m2.  The areas originally have been classified as an orchard, forest, a fruit plantation and a fishing lake.
As of today, 44 hectares of this area have been reclassified for industrial development zoning, with an additional 15 hectares under
re-classification. The development plots have been in private family ownership for the past twenty years.
The development plots are located 3.5 km from Budapest Liszt Ferenc International Airport, near the capital’s administrative border. In close proximity to the M0 and M5 highways and the highway No.4 (which is in the process of being converted into a motorway).
Due to its location and access to transport infrastructure the site presents a unique opportunity for a logistic and or industrial development.
The following table shows the various land plots and their current zoning status.

Development Potential

The sellers have already agreed a re-zoning and re-development agreement for the first two stages of the land plots (0195/21-50 and 0195/18) with the local municipality.  For the land title marked 0195/9 the re-zoning has been in principle agreed with the respective parties and is under process.
The development plots have approved utility licences and the sellers have agreed to re-align a kerosene pipeline currently running through the sites as a pre-condition to the sale. The development sites have a maximum building height of up to 12 meters (optionally up to 40m) and a 45% built in ratio.
The Ferihegy 3 development sites represents a very interesting development opportunity with already pre-approved industrial zoning rights and very strong access to key transportation infrastructure.  It also represents one of the last development sites of this size in this area of Budapest, where an industrial or a logistic development could be started very shortly after taking ownership.

To find out more please download the brochure (please CLICK HERE) or contact György Losonci.

György Losonci
glosonci@cresa.com
M: +36 30 628 1344