Promoted Housing Law:
Built under the Promoted Housing Law (VIS Law), which offers significant savings for investors: no ITP is payable on purchase, no wealth tax for 10 years, and no income tax (IRPF) on rental income for 10 years, among other benefits.
Payment terms:
10% with the reservation agreement and the balance with the purchase and sale agreement. Payment may be made in cash or with a bank loan.
Costs and taxes:
- Occupancy expenses: 4,5%
- Real estate commission: 3% plus IVA
Building description:
The apartments sit atop a base formed by a heritage building of great architectural value, which houses an impressive 7-meter-high entrance lobby and gives the building a distinctive character. It is designed and equipped with contemporary spatial design concepts. Two commercial premises will be located beside the lobby, adding to the area's wide range of shops.
The vehicle entrance to the 56 parking spaces, distributed between the ground floor and a half-basement, is next to the lobby. A mobile mechanical ramp distributes vehicles between the two parking areas. Beside the parking spaces there is a space designed specifically for bicycle parking. The 108 apartments with terraces or balconies—studios, 1-bedroom, and 2-bedroom units—are located from the first floor above the base through the 10th floor.
Building amenities:
- Ground floor: large landscaped outdoor patio, gym, and recreation space
- Basement: space planned for a laundry room
- On the 11th floor, with a preferred view toward 18 de Julio Avenue and the municipal administration: two multipurpose rooms that can be used separately or together; two outdoor barbecue areas; a spacious solarium with greenery; coworking space; clothes-drying area; and two shared bathrooms
All these amenity areas will feature designer furnishings and fine finishes suited to their intended activities.
Be sure to inquire about this excellent project and arrange your visit.
Notice:
Each office is independently owned, managed, and developed. This listing describes the property's essential features. Consult the person responsible for the transaction regarding possible updates to measurements, architectural and functional descriptions, services, taxes, prices, and other information; the values are approximate.
