The Hungarian National Asset Manager (MNV) is offering a 44-room castle in the northern Hungarian city of Parád for sale, valuing it at the equivalent of 480 thousand euros (176 million forints). The property is located in the middle of the Mátra Mountains region, a popular tourist destination.
This article was originally published on our sister-site, Ungarn Heute.
Originally built in 1872, the chateau has housed a hotel, a children’s recreation center, and a retirement home, among other things, over the past decades. Since 2008, the building has been empty.
According to the advertisement of the auction, the walls are wet, and the plaster, which is also partly moldy, is coming off. The wooden structures are decaying, windows and doors are partially missing and the iron structures are rusting. So the castle and the outbuilding need to be renovated, but the purchase price, given the circumstances, is very favorable. The buildings make a total of 3,600 square meters. Besides the 44 rooms, there are offices, toilets, two terraces, a winter garden, a cellar, and also a mortuary.
The castle is also located in a favorable area for tourism, namely, it is in the immediate vicinity of the Parádfürdő spa. For this reason, it is likely that the castle will once again become a hotel. The neighboring larger plot, which is also for sale, can be developed as a castle park.
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Featured image via Google Maps