For sale - central historical buildings with land, downtown Arad Romania

The key to success in investing in real estate investing is simple! Follow these 3 rules and you’re guaranteed to have a successful pick: location, location, location!

For sharp-witted, perceptive investors looking to diversify their real estate portfolio in Romania, we present an exciting investment property with significant development potential:  

– a real estate property comprised of historic buildings built on a 547 sqm (5900 sqf) piece of land, located right in the center of Arad city (Romania), with an amazing commercial potential.

Built on two levels in the pre-war period (late 1890’s), these building were designed in a Classicist style.

Each level has several rooms and the maximum attainable number of rooms can be increased to a total of 18 rooms, thus obtaining a beautiful and plentiful living space, suitable as residential property or as a boutique hotel.
Although the buildings are structurally sound, the property in this offer requires renovations and a complete makeover.
Due to the fact that the buildings are registered as historical landmarks, their restauration must be done respecting entirely their former glory and architectural style.
All utilities are available at the street front. Also, the documentation and file for the renovation of the property is available and included in the transaction.
Enterprising investors with a surplus budget can undoubtedly transform this real estate property located in the city center of Arad yet again into a notable landmark, and such, adding tremendous value to the investment portfolio.

Economic potential
Arad, the city called the “Little Vienna” by the historical writer Nicolae Iorga and the “Third Rome” by other Romanian historians, is an attractive tourist landmark with a rich cultural life and at the same time a historic city with beautiful architecture, with long-term ambitious regional development plans.
Arad has two major internationally recognized universities, and as such students from all over the world choose to study medicine in the “Little Vienna”. Arad is also a very important hub for the automotive industry, tourism services and agriculture with numerous Austrian, German and Italian companies based here.
As Arad has two successful 5-star hotels, this inn is of interest to the visionary investors willing to restore its former charm and make it a landmark of the city yet again, either in the form of an exclusive residential building, office building, either in the form of a boutique INNôtel (inn-hotel) of 4 or even 5 stars.
This real estate property is a precious, unpolished gem that offers not only possibilities for commercial exploitation, beyond expectations, but also one of the most suitable ways to preserve your financial and purchasing power, however, it is most suitable for determined investors willing to allocate adequate financial resources for its complete makeover. 

Important reference landmarks near the building

State Theater Ioan Slavici, State Philharmonic, The National Museum, Avram Iancu Square, The House with Lock, Orthodox Synagogue, River Promenade, Neptune Beach Strand, Neumann Palace, Roman Catholic Church “Saint Anthony of Padua”, Herman-Gyula Palace , Szanty Palace, Palace of Justice, Cenad Palace, National Bank Palace, Lutheran Red Church and many more.

Distances between major cities: Temeschburg (Timișoara) 50 km (31mi), Großwardein (Oradea) 100 km (62mi), Belgrade (RS) 200 km (125mi), Budapest (HU) 250 km (155mi), Hermannstadt (Sibiu) 250 km (155mi), Klausenburg (Cluj) 300 km (186mi), Kronstadt (Brașov) 450 km (280mi), Vienna (AT) 500 km (310mi), Bucharest 600 km (373mi), Iasi 700 km (435mi), Konstandza (Constanța) 800 km (497mi)

Distance to the border with Hungary 45 km (28mi)
Distance to the border with Serbia 135 km (84mi)

Interested to sell, buy or invest in commercial real estate properties in Romania? Do no hesitate to contact the real estate agency Casa Glia Realtor Romania for further details about real estate investments in Romania. The Real estate bureau Casa Glia Romania is specialized in real estate investment projects and we offer complete assistance services for our clients, in English.