The property is located on Üllöi Street 45-51, about 700 meters (0.43 miles) from downtown Budapest. The building is a former military barrack built between 1845 and 1846. It was designed by the famous architect, Jozsef Hild. During the last decade the government had 7 different rights of usufruct (the right of enjoying all the advantages derivable from the use of the property even though it belongs to another) on the property. The current owner has spent the last 2 years clearing the rights issues through extensive legal work and is able to deliver the property free and clear.