Engel & Völkers
Modern three-story apartment building with glass windows and balconies. People are on the balconies and rooftop. Trees frame the building.

Building constructed by trust at cost

$1,518,750
  • ~405 m² Plot surface

Description

In the heart of Punta Carretas, at 520 Luis de La Torre Street, there is a 4-story residential or office building, with 6 units per floor, 3 facing the street and 3 facing the street. The units at the ends of each floor have a defined bedroom, bathroom, and living room with integrated kitchen. There would be 16 of these units and in the center of them on each level there would be a single room. The sizes of the terraces and commercial spaces change a little per floor, which can be seen in the photos. Being a building under construction, there is the possibility of annexing two units and configuring a two or even 3 bedroom unit per level. The trust modality at cost allows the investor to be a direct partner in the operation of the construction and achieve a more beneficial cost per m2. The administration of the trust is in charge of the consulting firm RSM, which has a solid prestige in this field in the market. The project is in charge of Carriquiry Architects with vast experience in similar constructions. Parking spaces are available in the semi-basement at the entrance hall level. The offer has been configured basically in compact units as this is the most demanded in the area, both for purchase and for rent. Therefore, they constitute an excellent investment opportunity. The quality of the materials and the good design incorporated into the building, as well as a careful execution process, further enhance the value of your investment. To get units of these characteristics, in this area, with the quality of this building and acquired through trust at cost is a unique opportunity and an excellent real estate business.
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Engel & Völkers Carrasco Montevideo

Your advisor: Pablo Gari

Property ID: W-02UJP4

Property details
  • Object type

    Other

  • Plot surface

    ~405 m²

Location: Punta Carretas, Montevideo

The Punta Carretas area is highly demanded for residential, commercial and administrative (offices) purposes. The building is surrounded by probably the most important gastronomic center of Montevideo. And it is located in an area where you can reach the Rambla, the Golf Club, Parque Rodó, Punta Carretas Shopping Mall, Villa Biarritz Square or different commercial and service areas nearby in a few minutes walk. Luis de la Torre Street is not very busy in this area, and very wooded, providing tranquility and a beautiful ornamental vegetation that enriches the views, in an environment of great urban quality. The area has all the services that may be required within reach and within walking distance. The real estate demand in the area is growing in recent years and is one of the most sought after and demanded areas of the city of Montevideo.

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Engel & Völkers Carrasco Montevideo

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