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Small building with excellent profitability

Apartment, Buy | Uruguay, Montevideo, Ciudad Vieja
Price-Icon
370.000 USD
Approx. 344.378 EUR
Price
Total surface approx.-Icon
290 m²
Total surface approx.
Price-Icon
370.000 USD
Approx. 344.378 EUR
Price

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What you should know about this apartment


Amenities and special features of this apartment

ATTENTION INVESTORS!
Very good buying opportunity!
Minimum annual net income of 10.0%.

Small building with long term rent and very good annual profitability.

Emblematic property, located in one of the most revitalized areas of recent times.
Located on the corner, which favors its visualization. Distant only 1 block from the Plaza Matriz and Plaza Independencia, just steps from the Sarandi pedestrian street, the main artery of the Old City and a must for tourists.

The building currently has a large and comfortable commercial space for gastronomic enterprise, which includes basement, first floor, mezzanine and 1st floor.

Basement with bathrooms for both sexes, staff locker room, anteroom and warehouse, with direct entrance for suppliers from the street.
Ground floor where the main hall and kitchen area are located, with independent entrance for staff and suppliers.
First floor for private events room.
Second floor for storage, but easily adaptable for another activity (bar, restaurant, living room, etc.). Exit to roof terrace.

Excellent possibility of acquiring a very good and versatile property, in full operation, and with stable tenants and more than 15 years of seniority.

Contract in force until March 2029, with an option to extend it up to March 2034

Net Annual Income over 10.0%.


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Engel & Völkers Carrasco Montevideo
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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.


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