YaKuake is exactly what you are looking for.
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Access (K) ubuntu console with a single key
Yakuake is a Quake-style terminal emulator based on KDE Konsole  technology which makes the console more user friendly. If you need the  ability to quickly pull down a console to run a few commands with a  keystroke, and then make the console disappear again with another quick  keystroke.
YaKuake is exactly what you are looking for.
 The interface is highly customizable, you can adjust the height, the  width, the horizontal position you can change the keyboard shortcuts and  make it retract automatically when it looses focus.  It uses the same terminal settings as Konsole and like Konsole it has  multiple tabs so you can have more terminals running at the same time.  If you exit KDE while YaKuake is still running in the background, it’ll  start up automatically when you log back into KDE.  YaKuake is a very simple application, but it’s also very useful. I use  it all the time when I want quick access to a terminal to run one or two  commands, such as doing an apt-get update; apt-get upgrade, checking a  man page to find the proper syntax for a command, or moving a few files  around.  In ubuntu you can install YaKuake with a simple command      sudo apt-get install yakuake  YaKuake is released under GPL license and you can get it from the site:      * http://www.kde-apps.org/content/show.php?content=29153
YaKuake is exactly what you are looking for.