For sale - Entire apartment building city center, 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 investors looking to diversify their real estate portfolio in Romania, we present an excellent real estate property with a great rate of return on investment:  an entire apartment building for sale, comprised of 2 joined identical segments, located in the heart of the city.

This property offers you the advantages of close proximity to the center with the freedom of having your own yard, generous personal space and your own parking spaces.

Located near the Mihai Vitezul square, just a few steps from the Municipal Clinical Hospital, the County Clinical Hospital as well as the Faculty of Medicine, Pharmacy and Dental Medicine Vasile Goldiș Arad, the building has a P+3 construction regime and is composed of 15 rooms, being ideal as a property to rent to students or resident doctors or even for its operation as a hotel.

Thanks to the efficient apartment layout, each floor can be used independently, thus ensuring an efficient use of space on each level, either for rent or for own use.
The apartments on the upper floors have a balcony overlooking the boulevard. Sound insulation is excellent, providing optimal personal comfort.

The ground floor has two rooms, laundry room and storage room for household goods. On the opposite side, a generous terrace with a staircase provides access to the 1st floor and to the inner courtyard.
The building has separate, individual entrances and is a unitary construction, without other owners and the heating is done with a gas central heating plant. It is sold unfurnished, partially furnished.

This entire apartment building for sale in Romania is well maintained, with an aesthetic façade and solid construction structure.
The architectural structure of the building allows visionary entrepreneurs to expand the existing construction with 1 more floor + mansard bridge, over the existing upper level, thus being able to create additional useful space, such as a spacious penthouse right in the center of Arad.
The inner courtyard full of greenery is an oasis of tranquility and the covered garage completes the inventory of amenities that this property offers you.

Specifications

Total land area 406 sq m
Construction regime GF+3
Total built area 380 sq m
Usable area 250 sq m
Own heating (gas)
Standard utilities (electricity, CATV, sewage)

Inner courtyard
Green area in front of the building
Private parking (2 space in front of the building and 4 spaces in the inner courtyard)
Covered garage with 2 parking spaces and the possibility to extend the construction by 1 more level above the current one
Parking spaces for incidental use (for a fee) on the boulevard, in front of the building

Independent entrances
Electrically operated gate with remote control

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 building is of interest to the visionary investors willing to either transform it into an exclusive residential building, office building, or a boutique hotel).
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.

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)

Sell and buy real estate properties in Romania:
The real estate bureau Casa Glia can help you with further details about real estate investments in Romania. Casa Glia Romania Realtor agency is specialized in real estate investment projects and we offer complete assistance services for our clients, in English.