Property Timișoara Back to the list : Property for sale at Timișoara
Save

Property Timișoara (Romania) Price: $ 2,461,800 USD
  • Euro (€ EUR)
  • American Dollar ($ USD)
  • British Pound (£ GBP)
Surface 796 m2 Bedrooms 16  Bathrooms 11  Land 1 203 m2

Calculate my mortgage

In order for the Hat Factory of South Hungary S.A. to come into existence, it required private capital and support from the state and the city of Timișoara, where it operated on the banks of the Bega River. Archives attest that in 1899 the municipality granted, free of charge, to Phillipp Lustein and Wilhelm Keller a plot of land measuring 2 'cadastral acres' near the then-road viaduct and the current central park. The factory was exempt from paying municipal taxes for a decade but committed to providing annual subsidies for each employee.
Built in 1899-1900, the building structures bear the signature of the architect Ede Reiter, who was a neighbor to the property. The Hat Factory produced felt and wool hats, felt, and rabbit fur hats, with about 500 employees, two-thirds of whom were women, all assisted by steam-powered machines. Not only were the hats produced modern, but also the facilities provided to the workers – a bath, a dining hall, and relaxation spaces.
After the union with Romania, the factory was named the Timișoara Hat Factor y , and then came the communist nationalization. Between 1991-1995, it was privatized through the MEBO method and known as PALTIM SA. After a period of intense cultural activity, the factory's land is now undergoing a modern urban development project with residential and office spaces.
The former administrative building, currently a historical monument, is part of this complex built to the highest standards, bringing stories, history, and pedigree to its owner and future generations. Additionally, thanks to architect Ede Reiter, the property presents itself elegantly in the style that was fashionable at the time, Secession. The recent impeccable architectural and structural renovation highlights the beauty of this style and how it has remained relevant and attractive to this day. The ground floor is suitable for a restaurant – perhaps one that showcases the rich and flavorful gastronomy of the city, while the upper floor and attic are spacious and bright spaces, optimal for office activities, private residence, or even a spa. Located on the banks of the Bega River, with boats peacefully floating on the water and a promenade nearby, the property will undoubtedly become a landmark in the city.

Read more

Advertiser reference: TV5L8B - Le Figaro Properties reference: 66693544

Its assets

  • Fireplace
View all the assets

In detail

    • Surface 796 m2
    • Rooms 16
    • Bedrooms 16
    • Land 1 203 m2
    • Construction 1900
    • Bathrooms 11
    • Toilets N/A*
    • Exposure N/A*
    • Heating N/A*
    • Kitchen N/A*
    • Property tax N/A*

  • Energy Performance Certificate

    Information not provided by the advertiser

    *GreenHouse Gas emission

    Information not provided by the advertiser
  • $ 2,461,800
    Finance my mortgage

* Information not provided by the advertiser

Ask for more information Ask for more information

Property Timișoara (Romania)

You couldn’t get through to the owner?
Send it an email right now!
Ask for more information
  • Ask for more information
  • Make an appointment
  • To be called back

By confirming this form, I agree to the General Usage Terms & Conditions of Figaro Properties.
The data entered into this form is required to allow our partner to respond to your contact request by email/SMS concerning this real estate advertisement and, if necessary, to allow Figaro Classifieds and the companies belonging to its parent Group to provide you with the services to which you have subscribed, e.g. creating and managing your account, sending you similar real estate advertisements by email, proposing services and advice related to your real estate project.

Find out more

This data can also be accessed by Figaro Classified service providers, which provide administrative and technical assistance with sending the information; please be informed that said information may be transferred outside the European Union with the appropriate safeguards in place.

Finally, subject to the options you subscribed to, you can give permission for your data to be used for the purposes of targeted advertising and commercial prospecting by the partners of Figaro Classifieds.

If you require further information about how long your data will be retained and the contact details of the Data Protection Officer of our partner and for Figaro Classifieds, please click here.

To exercise your rights of access, rectification, opposition, deletion, limitation and portability with Figaro Classifieds, please click here or send an email to: [email protected]

Visit this property

Property
Property
Property
Property
Property View the 19 photos

Ask for more information to:

Cosmin Vermesan Romania Sotheby's International Realty Cesianu-Racovita Palace Strada C. A. Rosetti 5
Bucarest Bucharest (Romania) All the listings of this agency Contact an advisor

Photograph this QR Code with your phone to visit the listing

Contact an advisor

Location of this property

Get the address
Timișoara (Romania)
Back