Amenities:
- SUM with barbecue.
- Outdoor fitness area.
- Fire pit area.
- 2 outdoor barbecue areas.
- 80 m aerobic circuit.
- Co-working area.
- Kindergarten/playroom.
- Indoor fitness area.
- Laundry.
- Bike parking.
Project features:
- 108 apartments: studios, 1- and 2-bedroom units.
- 58 parking spaces.
- 2 commercial premises.
Investing 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 tax, equivalent 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 construction. In addition, buyers of promoted housing for rental purposes may qualify for a 10-year exemption on the income generated.
Location:
Strategic location: 15 minutes from downtown, 5 minutes from the Rambla, and 5 minutes from Parque Batlle. On Av. Italia, the main route connecting downtown with the highway network leading to the east of the country.
Payment terms:
- Reservation: 10%.
- Commitment: 20%.
- Construction installments: 60%, paid in installments during construction plus 6 post-occupancy installments.
- Handover: 10%.
Costs and taxes:
- Occupancy expenses: 5%.
- Real estate commission: 3% + VAT.
ABU67515 AP7481104 - Abate Propiedades. We manage your rental guarantee. We are insurance brokers for SURA, PORTO, SANCOR, ZURICH SANTANDER, and MAPFRE.
