Emblematic ArtDeco Building for Sale

$650,000

~1,200 m² Total surface

Description

This emblematic ArtDeco building is located in the heart of Montevideo's financial center, in one of the most revitalized areas of recent times. Located on the corner, which favors its visualization, and on the Sarandi pedestrian street, the main artery of the Old City and a must for tourists. The building has 4 commercial premises on the first floor and 2 large areas (apartments), suitable for commercial or residential use, which are located on the 1st and 2nd floors. Each of them has an independent entrance through Sarandi Street. It is currently under Horizontal Property Regime, and is perfectly adaptable for commercial use. The property has been restored in all its splendor rescuing the noble materials characteristic of the time, marble stairs, original wooden floors, fireplace, skylights, stained glass windows, etc. The 2 upper units have interior patios and access to the walkable rooftop terrace for exclusive use. The commercial units have a total area of approximately 460m², and are currently joined together and all rented to the same gastronomic enterprise. Apartment 101 has a total area of approximately 300m² and is currently empty. Apartment 102 has a total area of approximately 330m² and is currently rented for commercial/business use. IDEAL FOR INVESTORS! Excellent possibility now and in the future, as the property allows different alternatives of modifications to the current distribution and uses of the spaces.

Features

BalconyPatio

Engel & Völkers Carrasco Montevideo

+598 2600 2503

Your advisor: Gonzalo Canina

Property ID: W-02S51B

Location: Ciudad Vieja, Montevideo

The e Old City attracts visitors with its history, cultural museums and great centuries-old monuments. These include the neoclassical metropolitan cathedral, which dominates the picturesque Matriz square, and the Solis theater with its diverse performing arts program. diverse performing arts program. The lively steakhouses fill up quickly inside Mercado del Puerto. Mercado del Puerto. The area is also a nightlife hub, offering a mix of trendy cocktail bars and traditional cafes. cocktail bars and traditional cafes. The president of the country's Heritage Commission, Willy Rey, explains to Efe that art deco is “a real system” in the field of design that influenced from architecture, in its largest dimensions, to very small pieces. architecture, in its largest dimensions, to very small pieces such as goldsmithing, furniture and paper design, among others. furniture and paper design, among others. Strolling along Montevideo's main avenue, 18 de Julio, and continuing on to the Ciudad Vieja (Old City), gives a clear sign of the marked influence of the system in the field of design. gives a clear sign of the marked influence of Art Deco in this place, which is considered one of the places where it had the greatest influence. considered one of the places where this architecture had the greatest force in the world and which is still in force almost a century later. almost a century later.