Small Hostel for sale in Budapest

We are considering to sell our small hostel in Budapest, preferably from second half of 2017. 

This is small, 130sqm property with 4 rooms, 11-15 beds.

It is located in the best area of the city center. Hostelword, booking rates around 90-95%.

http://www.hostelworld.com/hosteldetails.php/Amazing-Hostel/Budapest/18415

High occupancy throughout the year, exceptionally high rates on NYE, EASTERN, EUROPEN HOLIDAYS, FORMULA1, SZIGET FESTIVAL. FINA championship in 2017. Budapest is future candidat for Olympics 2024. 

Also ideal to rent out on airbnb for smaller groups, 250-300€/night. 

During the past 5 years, the number of nights spent in Budapest increased by 45%, but the tourism indicators per capita are still low which indicates there is room for further growth.

Read more at: http://dailynewshungary.com/tourism-revenues-of-budapest-could-increase-...

There was rougly 10% increase in Budapest in 2015 and presumably numbers of 2016 will be even higher. 

The property itself is a great source of investment - 150% increase in value in last 4 years. 

196,000€  (1507,6€/sqm) includes property and all the equipments, all rights and hostel brand (operating since 2009).

Return on Investment in 12 years, plus increase in value.

Perfect for someone who wants to own and run his own hostel.

/Additional private guest house is also available (only for rent) if wanted, creating extra 7-8000€ net profit per year./

Please contact me here or [email protected]

Daniel