Hotel Tihany with 15 rooms

INVESTMENT OPPORTUNITY IN THE HEART OF LAKE BALATON

Located in the heart of Tihany, a two minute walk from the 1000 years old Benedictine Abbey, this building consists of two seperate but interconnected houses. It used to function as a hotel but it has been closed in the past two years. The roof and the facade can be re-design. The building needs total renovation.

Hungary has strong economic relations with Western and Eastern Europe. It is a member of the European Union, which gives access to a single market with a population of 512M. It is also part of the Schengen Zone, which allows easy travel and trade opportunities to 26 European countries. The country is safe, with a good infrastructure and a vibrant cultural scene.

Four neighbouring capital cities are within 4-hours drive from Budapest and all European countries can be reached within 3-hours flight from the capital city.

Tihany is only 1.5 hours drive from the capital city, Budapest. It is surrounded by fresh water. People have been living in the peninsular since the prehistorical times, its Abbey was founded in 1055. Tihany has many faces with a traditional thousand years old village, with farming, fishing history and vineyards.

The village has a dynamic side as well with opportunities for sailing, golf, horse riding, hiking to see geyser cones, walking in the wild greens, or ending up in a hidden wine cellar between vine and lavender fields. Its National Park is home to many wild animals like wild boars and deers.

Its geographical location provided the people of Tihany with excellent safety, protective features and well-being throughout history.

During the summer time the lake is host to many cultural events. Veszprém, a city only 30 min drive from Tihany, will be the next Capital of Culture in Europe in 2023. Thus, major cultural, infrastructural and touristic developments and investments are planned the following years in the Veszprém-Tihany area.

This real estate offers a unique location and opportunity. As Tihany is an ancient village, planning permissions in the entire peninsular for newly built houses are limited to 20% of the total plot. This building located in the very center of the village has the unique feature of using 80% of the complete territory. There is still space in the complex to create a spacious wellness facility and install a lift. It is recommended to modernise the old heating system. The roof is excellent for solar panels, however, there is a built-in tank for 3000 litres of oil. As it is no longer possible to build a similar building close to the Abbey, using 80% of the plot is a special advantage in case of reconstruction.