Amenities:
- SUM with barbecue.
- Outdoor fitness area.
- Fire pit area.
- 2 outdoor barbecues.
- 80 m aerobic circuit.
- Co-working area.
- Kids’ room/playroom.
- Indoor fitness area.
- Laundry.
- Bike parking.
Project:
- 108 apartments: studios, 1- and 2-bedroom units.
- 58 parking spaces.
- 2 commercial premises.
Investment in Uruguay:
Today, Uruguay is the first choice for investing in Latin America: a country with political and economic stability, continuous GDP growth, 10 years of tax benefits for real estate developments, and high rental demand. Montevideo and its surroundings offer an estimated annual return of between 5% and 7%.
Tax benefits:
Exemption from property transfer taxes, which amount to 2% of the cadastral value for the first buyer. Exemption from VAT on the first sale, provided it takes place within ten years of completion of the construction. In turn, buyers of a promoted housing unit for rental purposes may qualify for a 10-year exemption on the income generated.
Location:
15’ from downtown, 5’ from the Rambla and 5’ from Parque Batlle. On Av. Italia, the main artery connecting downtown with the highway network leading to the east of the country.
Payment method:
Cash or bank financing.
Costs and taxes:
- Occupancy expenses: 5%.
- Real estate commission: 3% + IVA.
ABU67515 AP7481059 - Abate Propiedades. We manage your rental guarantee. We are insurance brokers for SURA, PORTO, SANCOR, ZURICH SANTANDER and MAPFRE.
