Its location on Av. Italia at the corner of Candelaria provides excellent access to transportation, urban facilities, and private services in the country. These attributes, together with its value proposition, design, and architectural quality, make Nostrum Malvín the area’s new residential landmark.
Features:
Nostrum Malvín is an innovative design proposal by Carlos Ott in association with Carlos Ponce de León Arquitectos, adapted to the urban conditions of the site on one of the city’s main thoroughfares, using height and land occupancy to create a residential program that is distinctive for Montevideo and its unique setting.
The towers under the horizontal property regime are built on a 6-level base (height 16.5 mt), which occupies the entire Av. Italia frontage between Ereván and Candelaria streets and steps down to the north alongside neighboring lots. Two towers, 47.5 mt and 37 mt high, rise above the base at the corners.
The project will include studio apartments and units with 1, 2, and 3 bedrooms.
The project features an innovative lock-off system in the 3-bedroom layouts. This layout and configuration allows owners of 3-bedroom apartments to convert them into two independent apartments, one with 2 bedrooms and the other a studio. Owners can use the space they need and rent out the other unit to generate additional income.
Amenities:
- Double-height lobby with contemporary furnishings
- Provision for a concierge
- Security through CCTV
- Access control with magnetic card
- Units with digital locks
- Gym
- Outdoor fitness equipment
- Children’s play area
- Outdoor pergola-covered barbecue areas
- 2 equipped SUM (multi-purpose rooms) with barbecue areas and integrated kitchens
- Co-working space
- Pet Garden
- Zen Garden
Tax benefits:
The project is covered by the promoted housing law, Law 18.795, and will therefore include:
- VAT exemption
- ITP exemption (2% of the cadastral value)
- IRAE/IRPF exemption on rental income for 10 years, according to regulations in force as of 1/9/2019
- Wealth tax exemption for 10 years
