Retail for sale

US$ 155,573 / 6,230,140

VENTA LOCAL COMERCIAL A ESTRENAR EN BARRIO SUR A CUADRAS DE LA RAMBLA

Barrio Sur, Montevideo

Sale of commercial premises, located in a notable point of the city, Canelones street in Barrio Sur, a few blocks from the boulevard, downtown and the old city.
It is an excellent investment opportunity.
Area in full growth with very good connectivity to the rest of the city and surrounded by services.

Building
Facing north on Canelones street, the project consists of 2 11-story towers, a total of 104 apartments, as well as garages, garages and boxes on PB and SS. It will become a new urban piece that with its volumetry, chromaticity and dynamism will give a new character to the center of Montevideo.

It consists of:
• Basement with garages
• Ground floor with 2 commercial premises, a mixed-use cowork, meeting rooms, gym, semi-covered garages, storage/boxes and bike parking.
• 10 floors with a total of 104 apartments
• Amenities on the 11th floor

Also has:
• Two elevators
• 41 covered garages in the basement and 16 semi-covered garages on the ground floor.
• 18 Storage/Boxes
• Bike Parking Area

Characteristics of the common areas
The entrance to the building works as a coworking space and is linked to the internal patio, creating a very well-lit environment that is ideal for receiving someone, working or studying. In turn, it connects with two meeting rooms and a gymnasium of the building.
The entrance to the building works as a Cowork space and is linked to the internal patio, creating a very well-lit environment and ideal for receiving guests, working or studying.
In turn, it connects with two meeting rooms and a Gymnasium of the same.
On the top floor, and complementing the ground floor, is the Solarium, the Wet Spa, 4 Barbecues, a Multipurpose Room with Bathroom, Kitchenette and a Laundry with Tender.

*Completion of the work: JANUARY 2024

Payment scheme
20% Advance / CV commitment
40% Financing fee (quantity 11)
40% to possession
4.5% occupancy expenses
Real estate fees 3%+VAT

The project is covered by Law 18,795 Promoted Housing Law (former Social Housing) for which it has:
ITP exoneration
Exemption from IRAE/IRPF/IRNR to income generated from rentals for 10 years
IP exoneration for 10 years
VAT exemption on the purchase