These restored neoclassical apartments in Prado are part of a residential complex of 30 apartments developed in a gated community, on the exquisite architecture of an old neoclassical style mansion, designed by architect Raul Faget in the 1920s and completely restored in 2010. This recycling and refunctionalization project was developed on this basis, through an investment project at cost per administration that ensures an initial acquisition price at an exceptional value. The project contemplates 18 apartments developed in the original structure of this true and classic Prado mansion, preserving spaces, style and unique materials. In a new structure and in harmony with the property, another 12 units will be developed, some of them in duplex mode, with excellent views of the property. This true residential complex has the privilege of being in an enclosed area with its own green spaces, terraces for communal use and period landscaping. Each unit has a parking space included.
Features of the project, advantages for investors:
-Participation and benefit in profits.
-Excellent profitability due to location
-Promoted Housing Law (18.795)
-Exoneration ITP -2% S / value of cadastre
-VAT exemption on the purchase price
-Exoneration to the patrimony for 10 years
-Exoneration to the rent of rents.
The payment of the unit is made with 40% of the value at the beginning and the rest according to the participation percentage, according to the progress of the work. Allocation of units at the beginning of the development. Estimated delivery date August 2024. Ask us about this incredible investment project in a unique property, in one of the most traditional neighborhoods of Montevideo.
The origins of the Prado neighborhood date back to the 19th century, when the Uruguayan aristocracy-built houses and country houses in the vicinity of the Miguelete stream. Recognized as “The lung of the city”, the 106 hectares of the park have several spaces of tourist interest among them the Municipal Museum of Fine Arts “Juan Manuel Blanes”, the Botanical Garden, which is a large, fenced park surrounded by trees, flowers, aquatic plants and plants of dry places and the Chapel of the Holy Family known as Jackson Chapel. Today the Prado neighborhood has all the services, schools, and health centers.