Investment in the future of the Old Town with excellent rental potential
- W-02VAWB
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What you should know about this apartment
- Apartment
- 1952
- 2
- 60 m²
- 65 m²
- Needs renovation
-
- Tiles
- Wooden Floor
Amenities and special features of this apartment
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- Air conditioning
- Waterfront
- Sea/lake view
- Terrace
This apartment is located in the upper part of the old town of Montevideo. It offers an uninterrupted view of the Río de la Plata. The building dates back to 1952 and will undergo a general refurbishment in the coming months. The apartment on the second floor consists of 65 m2 (60 m2 + 2.5 m2 balcony facing the Río de la Plata + 2.5 m2 covered terrace of the kitchen as an interior patio), 2 bedrooms, living room, kitchen, and 1 bathroom. Heating is provided by air conditioning and water is heated with electricity. The kitchen oven is gas-powered. Wooden and porcelain floors. Other amenities include double windows, blinds, several built-in cabinets in the kitchen and in the 2 bedrooms.
The apartment can be considered a very good investment because costs and taxes are low and it provides good rental income. Additionally, it represents an opportunity to invest in the future of the old town of Montevideo, as this area is undergoing a complete reorganization to strengthen public areas, streets, and urban structure. The transformation of the Reconquista Street has already begun, proposing the creation of a linear urban park, generating a new green promenade in the city. The project is part of a general improvement plan to promote and maintain the unique character of this neighborhood. The proposal increases and improves space for pedestrian circulation, while providing meeting spaces and creating a new landscaped area with fifteen tree species.
Ciudad Vieja: Location and surroundings of this property
Montevideo, the capital of Uruguay, is one of the cities with the best quality of life in Latin America. It's a cosmopolitan city, serving as the heart of the country's political, economic, and cultural activity. The Ciudad Vieja (Old Town) is Montevideo's oldest neighborhood, the quintessential financial district, and the area with the highest concentration of government and corporate offices in the city. It attracts visitors with its rich historical and cultural heritage, variety of museums, grand monuments, and iconic buildings such as the Salvo Palace or the neoclassical Metropolitan Cathedral dominating the picturesque Plaza Matriz, the beautiful Plaza Zabala, the Banco República, and the Solís Theater with its diverse performing arts programming. The Port of Montevideo, Uruguay's main commercial port and the regional HUB for cargo transit in Mercosur, is located in this neighborhood, which also receives a significant flow of travelers from Buenos Aires and international cruises.
In recent years, the "Ciudad Vieja" has become an important center of the city's daytime and nightlife, offering a mix of modern restaurants, cocktail bars, and traditional cafes.
Within the Ciudad Vieja, Reconquista Street will undergo a significant transformation in the near future, becoming an area of opportunity for a significant change in its character and role within the old town. The creation of a new linear urban park is proposed, changing the defining character of this street space, to recognize it as a new green promenade in the city. The aim is to provide more and better space for pedestrian circulation, promote the definition of meeting spaces, and generate a distinctive new landscaped area with changing atmospheres along its route. A project with differentiated zones is proposed to enrich the park walk with variable situations of lighting, volume, and coloring throughout the entire route and changing over the course of the seasons.
- Rialtir S.A
- Licence partner of E&V Chile S.A.
- Stefanie Intat
- Costa Rica 1510
- 11500 UY Montevideo
- Phone: +59 82600 2503
- www.engelvoelkers.com/es-uy/montevideo/carrasco/
Energy Information
- 1952
Commission Details
Availability upon agreement. This material is based upon information, which we consider reliable, but because third parties have supplied it, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, and change of price or withdrawal without notice. Taxes, notary and register fees must be paid by purchaser, the commission to E&V is 3% plus V.A.T. of the value, must also be paid by the buyer as stipulated by Uruguayan regulations.
