Introduction

Orange Grove

The Orange Grove has been planned by the developer as 5-building complex containing 600 apartments. On the ground floor and the first floor of building D will include offices and commercial outlets. The buildings, two of which are currently under construction, will surround a large communal park, accessible through the vestibules of each building. Each flat on the ground floor will have its own garden.

Due to the distribution and the size of flats and the fact that they are equipped with a study and a wardrobe, this ambitious development represents a great investment opportunity, given the fact that the surrounding streets have very good communication and that the development is near Váci Avenue, lined with office buildings. This is where the future administrative and political centre, including the ministry buildings will be built.

The building

• Two 5-7-storey buildings.
• In total, 600 apartments will be built. 226 flats will be completed in the first phase.
• The buildings will have a two-level underground garage with storage rooms and equipped with lifts, air extraction and security systems.
• Two lifts in each building.
• A stylish vestibule with stone and marble floor.
• Video doorphone system.
• Garage space and storage rooms are optional.

The apartments

• Studio flats and 1 or 2-bedroom apartments with a lounge, kitchen and bathroom.
• Wardrobe and study. Some flats have two bathrooms.
• Apartment sizes vary from 25.96 to 90.59 square metres.
• Flats with a balcony or terrace or, on the ground floor, a garden.
• Double windows with thermal and acoustic insulation.
• The floor coverings and wall colours of your choice.
• With fully equipped built-in kitchen (stove and oven, exhauster, refrigerator and dishwasher).

Prices - examples of the various types of flats

Apartment	Bedrooms	Terrace	Other features	Priceo
52,82 m2	1	2 balconies of 8.11 m2 in total	1st floor, northwest facing	90.948 €
67,39 m2	1	97,11	6th floor, study, wardrobe, east facing	175.748 €
35,24 m2	studio flat	2,75 m2	3rd floor, southeast facing	63.468 €
82,4 m2	2	2 terraces of 13.55 m2 in total	4th floor, study, wardrobe, south facing	143.730 €
45,11 m2	1	5,02 m2	3rd floor, northeast facing	78.295 €

Prices shown are inclusive of VAT. The first €60,000 is exempt of acquisition tax. Prices do not include garage or storage room. Please contact us for more information.

Payment terms

You can reserve the apartment for a period of 21 days by the payment of €3,000. This is the period required for the preparation of the sale and purchase agreement and other documents. 20 percent of the gross purchase price is paid when the sale and purchase agreement has been signed (the down payment considered part of the 20 percent). Subsequent payments will be made in accordance with the progress of construction. The final instalment of 10 percent is paid when the permit of occupation has been issued.

Location

The Orange Grove is situated within an urban zone, very close to the city centre, with lots of offices, headquarters of multinational companies etc. in the neighbourhood. The new government centre has been planned to be built nearby.
Public transport connections are very good, with three bus lines into the centre and another one to the station of the blue underground line, which connects to the office centres of Váci Avenue and the centre.

In the nearby streets there are schools, pharmacies, doctors’ offices, markets, shopping centres, parks, sports facilities, etc.
In the light of these characteristics, purchasing apartments in the Orange Grove is an excellent investment, due to the anticipated substantial revaluation of property and the fact that homes are let easily and at a high rent owing to the proximity of many offices.