Small building in Ciudad Vieja with excellent profitability

Montevideo , Uruguay
ID: 5518MV 290 M2Area Built
Property Type: , ,
For Sale - Reduced
USD 410,000

Description

Very good purchase opportunity!

Emblematic property, located in one of the most revitalized areas of recent times.
Located on the corner, favoring its views. Located just one block from Plaza Matriz and Plaza Independencia, and just steps from the Sarandí Pedestrian, the main artery of the Old City “Ciudad Vieja” of Montevideo, and an obligatory walk for tourists.
The building currently has a spacious and comfortable commercial premise for a gastronomic venture, which includes the basement, ground floor, charming mezzanine, and 1st floor.
Basement with bathrooms for both sexes, staff changing room, anteroom, and storage, with direct entrance for suppliers from the street.
The ground floor is where the main restaurant and kitchen area are located, with a separate entrance for staff. First floor for private events room. The second floor is currently used for housing, consisting of a living-dining room, three bedrooms, and a bathroom. Roof access.
Excellent possibility to acquire a very good and versatile property of more than 130 years old, which is fully operational with stable tenants.
Contract valid until November 2027
The gross annual income of approximately 6%
Ciudad Vieja attracts visitors for its history, cultural museums, and great centuries-old monuments. These include the neoclassical-style Metropolitan Cathedral, which dominates the picturesque Plaza Matriz, and the Solís Theater with its diverse performing arts program. The lively steakhouses fill up quickly inside the Mercado del Puerto. The area is also a hub for nightlife, offering a mix of fashionable cocktail bars and traditional cafés.

Property Features

Property Features
  • Built 1890
  • Constructed Area: 290 m²
  • 2007 Year Remodeled
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