Fertőszentmiklós, Fertőszentmiklós, Gyor-Moson-Sopron 9444

Property Overview: Location: Fertszentmikls, Gyr-Moson-Sopron County, Hungary Distance to Austria: Just 10 minutes from the Austrian border Property Type: Family house currently operating as a guesthouse Size: 424 m Land Area: Approximately 1500 m Accommodation Capacity: 11 units, hosting up to 30 people Condition: Fully operational with an established customer base Annual Revenue Potential: Approx. 27 million HUF The back building is for sale, while the bakery at the front has already been sold separately. Accommodation Features: 11 Units Available: The hostel consists of 4 apartments, 6 mini-apartments, and a VIP suite. This mix offers flexible accommodation options for workers and guests. Spacious Rooms: The units are designed for long-term stays, providing comfort and functionality. Shared Areas Furnishing: Fully furnished units Investment Opportunity: Established Business: The property is currently a fully operational workers' hostel with a steady, year-round clientele. The property is managed by an agency, which rents out the rooms on behalf of the owner. The hostel currently operates at full capacity, generating a gross annual income of approximately 27 million HUF. Flexible Business Model: The new owner can either continue with the current business model or adapt it to target other client groups, including tourists or long-term rentals. Expansion Potential: Given the property's location, there is potential for further expansion or repurposing. The proximity to the Fertdi Castle, Lake Neusiedl/Lake Fert, and the Austrian border creates opportunities for tourism-driven accommodation. Amenities & Services: Fully Furnished: All rooms are furnished with modern appliances, including air conditioning, LED TVs, Wi-Fi, and safes. Central Heating: Each unit has its own meter for heating, water, and electricity. Wellness Services: Optional wellness services (e.g., massages, spa treatments) can be introduced to attract a higher-paying clientele. Cleaning Services: Optional cleaning, laundry, and bed-making services available. Parking: Courtyard parking space available for guests. Shared Garden: Outdoor garden area for guests to relax and enjoy the surroundings. Location & Accessibility: Proximity to Austria: Located just 10 minutes from the Austrian border, the hostel is ideal for workers traveling between Hungary and Austria. Nearby Attractions: The property is near Fertdi Castle, Lake Neusiedl/Lake Fert, and Sopron, all popular tourist destinations. This creates an excellent opportunity for tourism-driven accommodation. Transport Links: Excellent transport links to surrounding towns, workplaces, and the Austrian border ensure easy accessibility for workers. Financial Considerations: Annual Revenue: With current operations, the property generates approximately 27 million HUF annually, offering an immediate income stream for the investor. Operating Costs: Utilities (water, electricity, heating) are individually metered, with the cost passed onto tenants, ensuring minimal operational expenses. Taxation in Hungary: Corporate Tax Rate: Hungary offers a low corporate tax rate of 9%, one of the lowest in Europe. VAT (Value Added Tax): Accommodation services are subject to 5% VAT in Hungary. Tourism Tax: Local tourism tax applies, generally around 400-700 HUF per person per night. Property Tax: Local property taxes are applicable based on the property's size and location, and these costs should be factored into the operating budget. Why Invest in This Property? Proven Income Stream: This 11-unit managed hostel already generates a steady income, making it a reliable investment with excellent potential for returns. Ideal Location: Situated just 10 minutes from the Austrian border, the property benefits from a prime location for cross-border workers and tourism. Multiple Business Models: The property can continue operating as a workers hostel or be repurposed for other uses, such as tourist accommodation or long-term rentals. Expansion Opp