Centro, Avenida Uruguay

U$S 850,000

$ ~34,200,000 / U$S 618/m2

US$ 867/m2 · 21% pricier than the median of Centro

Published 22 months ago
Bathrooms

1

Area

1375

Category

Hotel

Views

1591

Hotel for sale in Centro, Montevideo, with 27 rooms

Hotel for sale in Centro, Montevideo, Uruguay: U$S 850,000, 980 m², 1 bathroom. Published on December 12, 2024 by Alpha Realtors.

Price per m² in Centro: sale and rent

Operational, furnished hotel for sale in excellent condition, located in a historic 19th-century building in Centro, Montevideo, a few meters from Ciudad Vieja, on one of the main avenues. The building retains its 1920 Art Deco industrial and graphic architectural style.

Potential uses:

  • Potential for a student residence, residential accommodation, hostel, religious organizations, rental income or real estate development, among others.
  • Approved and current IMM permit.

Location:

Centro, originally called Ciudad Nueva in contrast to Ciudad Vieja, is one of Montevideo’s main neighborhoods. Its main thoroughfare is Avenida 18 de Julio, from Plaza Independencia to Ejido Street. It occupies the area that historically served as the Campo de Marte of walled Montevideo, a strip of land in front of the walls reserved exclusively for defensive purposes.

Today, it has a high concentration of services, public and private offices, public and private educational institutions (universities, faculties, schools and high schools), banks, bus routes serving the entire city, plazas, museums, theaters, payment centers, supermarkets, parking, dining, art galleries and shops of many kinds.

Areas:

  • Built area: 980 m².
  • PH/building plot area: 1,375 m², according to cadastral documents and the commercial permit.
  • The hotel began operating in the hotel business in 1980.

Services:

  • UTE, OSE, ANTEL, Wi-Fi and subscription TV services are all active.

Features:

  • Excellent construction quality and very good state of preservation.
  • Fine finishes.
  • Excellent natural light and ventilation through the large openings.
  • Balconies at the front of the building.
  • 27 renovated rooms: 13 double, 6 triple and 8 quadruple rooms.
  • All rooms have air conditioning and radiators.
  • 27 private full bathrooms, one per room.
  • 35 rooms and spaces, including storage rooms, bed service areas, lounges, entrance hall, elevator machine room, laundry room and tea kitchen.
  • TVs, closets, desks, valet stands, mirrors, chairs and beds in all rooms.
  • Minibars and safes.
  • Sofas, armchairs, tables and mirrors on all floors.
  • Individual communication between each room and reception.

Building:

Built in 1920 and converted and renovated since 1980.

  • 3 floors, with 9 rooms per floor.
  • Non-accessible rooftop.
  • The building has no garages; parking facilities with vehicle spaces are available a few meters away and are open 24 hours.

Terms:

The hotel remains open. Occupancy is 100 % on weekends and 20 % to 30 % during the week. Current profitability is nil.

  • Each case will be considered individually.
  • Initial payment plus financing of the balance, with the term to be agreed.
  • Property exchange.
  • Monthly rent: USD 10,000, with an 8-year contract.

Fees and taxes:

Professional real estate service fee: 3 % + IVA.

The building stands out for its size, state of preservation, construction quality, location, access to services, competitive price and layout.

Property details

ID

Category

Type

Area

Built Area

930011

Hotel

Sale

1375

980

Rooms

Bathrooms

Code

Updated

2

1

PC3569

2024-12-12

Payment calculator

Monthly payment
US$ 4.943/mo
Loan
US$ 637.500
Interest
US$ 548.707
Total of payments
US$ 1.186.207
Down payment
US$ 212.500

Approximate: fixed rate, no insurance or fees. Check the terms with your bank.

Location

850к U$S

Location

Montevideo

Address

Centro, Avenida Uruguay

What's nearby

Public transport
Uruguay y Yaguarón
170 m · 2 min walk · 13 within 1 km
Supermarket
El Dorado
160 m · 2 min walk · 25 within 1 km
School
Colegio Adoratrices
140 m · 2 min walk · 37 within 1 km
Pharmacy
Homeopatía Landinelli
80 m · 1 min walk · 41 within 1 km
Park
Plaza de Cagancha
300 m · 4 min walk · 11 within 1 km
Show 6 more
University
Facultad de Ingenieria
240 m · 3 min walk · 13 within 1 km
Hospital or clinic
Consultorios Constituyente
620 m · 8 min walk · 13 within 1 km
Beach
1.3 km · 17 min walk
Bank or ATM
Banco Santander
140 m · 2 min walk · 36 within 1 km
Restaurant or café
Cafe Doc
60 m · 1 min walk · 86 within 1 km
Gym
Aerobic
620 m · 8 min walk · 7 within 1 km

Straight-line distance, walking time at 4.8 km/h. Map data © OpenStreetMap contributors

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